Inflation based on the WPI has accelerated to an eight-month high of 3.93% in November from 3.59% in October 2017. WPI stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Wholesale Product Index
B	Wholesale Price India
C	Wholesale Price Index
D	Wheat Price Index

Explanation:

Detailed explanation-1: -5. Final index for the month of November, 2022 (Base Year: 2011-12=100): For the month of November, 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 152.5 and 6.12% respectively.

Detailed explanation-2: -(Current Price / Base Period Price) × 100 is the formula used to calculate the Wholesale Price Index (WPI).

Detailed explanation-3: -The annual rate of inflation based on all India Wholesale Price Index (WPI) falls to 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022.

Detailed explanation-4: -India’s annual wholesale price index (WPI) inflation for the month of December 2022 eased to 4.95%, at a 22-month low, mainly due to fall in prices of food articles and crude petroleum, according to the data released by Ministry of Commerce and Industry.

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