Question Details

India’s wholesale inflation soared to a three-decade high in April as high commodity prices and supply-chain disruptions pushed up input costs for producers. The annual rate of inflation was 15.08% (Provisional) for the month of April 2022 (Y-o-Y) as compared to 10.74% in April 2021.

It is published by-

Options

A

RBI

B

Ministry of Commerce and Industry

C

Ministry of Finance

D

National Statistics office

E

Any of the above

Show Answer

Correct Answer :

Option B

Ministry of Commerce and Industry

Solution :

The correct answer is Ministry of Commerce and Industry.

In India, wholesale inflation is measured by the Wholesale Price Index (WPI). The WPI tracks the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses, serving as a key indicator of inflation at the producer level.

The Office of the Economic Adviser, which functions under the Department for Promotion of Industry and Internal Trade (DPIIT) within the Ministry of Commerce and Industry, is the official agency responsible for compiling and publishing the WPI data on a monthly basis.

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