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Which of the following is correct about WPI (Wholesale Price Index) related to inflation? (A) It measures wholesale prices on a weekly basis. (B) It focuses on both goods as well as services. (C) It measures wholesale prices on a monthly basis. (D) It focuses only on goods, not on services.

1. C and D only
2. D only
3. A, B and D only
4. C only

Correct answer: C and D only

Solution

WPI measures price changes of goods at the wholesale level, not services. In India, it is compiled and released on a monthly basis. Therefore, statements C and D are correct.

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