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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the base year for WPI (Whole Sale Price Index)?
A
2004-05
B
2003-04
C
2002-03
D
2005-06
Explanation: 

Detailed explanation-1: -In order to adequately capture the current structure of the economy, Office of Economic Adviser, Ministry of Commerce and Industry, Government of India, shifted the base year of WPI to 2004-05=100 from 1993-94=100.

Detailed explanation-2: -For the month of January, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 185.1 as compared to 184.6 (provisional) and annual rate of inflation based on final index stood at 5.53 percent as compared to 5.25 percent (provisional) respectively as reported on 14.02. 2017.

Detailed explanation-3: -This press release contains WPI (Base Year 2011-12=100) for the month of October, 2022 (Provisional), August, 2022 (Final) and other months/years. Provisional figures of WPI is finalised after 10 weeks, and then frozen thereafter.

Detailed explanation-4: -5. Final index for the month of October, 2022 (Base Year: 2011-12=100): For the month of October, 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 152.9 and 8.67% respectively.

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