Question

Which of the following institution / office bring out the Wholesale Price Index (WPI) data in India?

• A. The Reserve Bank of India
• B. The Ministry of Commerce and Industry
• C. The Ministry of Finance
• D. The Ministry of Consumer Affairs, Food and Public Distribution

Hint:

WPI data in India is released by the Ministry of Commerce and Industry, not RBI or Finance Ministry.

Answer 1

The Correct Option is B

The Wholesale Price Index (WPI) measures the changes in the prices of goods at the wholesale level—before they reach consumers.
It is an important economic indicator used to monitor inflation trends and the movement of prices in the economy.
In India, the WPI is compiled and published by the Office of the Economic Adviser, which functions under the Ministry of Commerce and Industry.
The data is released on a monthly basis and includes prices of primary articles, fuel and power, and manufactured products.
Now let’s examine the incorrect options:
- The Reserve Bank of India (RBI) monitors inflation but does not release WPI data. It uses both WPI and CPI for monetary policy decisions.
- The Ministry of Finance handles budgeting and economic planning, but not WPI publication.
- The Ministry of Consumer Affairs deals more with food distribution and consumer rights.
Hence, the correct institution is (B) The Ministry of Commerce and Industry.