Monthly wholesale price index base year 2004-05
With an aim to align the index with the base year of other important economic indicators such as GDP and IIP, the base year was updated to 2011-12 from 2004-05 for the new series of Wholesale Discover data on Wholesale Price Index: 2004-05=100 in India. Explore expert forecasts and historical data on economic indicators across 195+ countries. The Wholesale Prices Index (WPI) with base year 1993-94=100 reflected the structure of economy nearly 15 years ago. 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. Wholesale price index calculated with 2011-12 base year does not include taxes in order to remove the impact of fiscal policy. This also brings the present WPI series closer to Producer Price Index, as is practised globally. A Producer Price Index reflects the change in average prices that producers get.
The Government on Monday approved a proposal to release wholesale prices-based inflation data on a monthly basis, instead of every week now, and changed the base year to 2004-05 from 1993-94.
The new index along with the base year and the commodity basket was also examined by Technical Advisory Committee (TAC) on Prices and Cost of Living based in Central Statistical Organisation. Before the launch of the new index, inter-departmental consultations were held and opinions obtained from Economic Advisory Council of the Prime Minister. final index for the month of january, 2017 (base year: 2004-05=100) 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 Year on year 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 ALL COMMODITIES 100 178.6 0.55 0.51 1.5 1.42 5.66 -2.4 PRIMARY ARTICLES 20.11815 248.4 1.42 1.43 4.55 3.93 7.01 -0.76 The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries (like the Philippines) use WPI changes as a central measure of inflation.But now India has adopted new CPI to measure inflation. However, United States now report a producer price index instead. It also influences stock and fixed price markets.
Wholesale price index comprises as far as possible all transactions at first point of bulk sale in the domestic market. Provisional monthly WPI for All Commodities is released on 14th of every month (next working day, if 14th is holiday).
Discover data on Wholesale Price Index: 2004-05=100 in India. Explore expert forecasts and historical data on economic indicators across 195+ countries. The Wholesale Prices Index (WPI) with base year 1993-94=100 reflected the structure of economy nearly 15 years ago. 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.
How is WPI (Wholesale Price Index) calculated? In this method, a set of 435 commodities and their price changes are used for the calculation. The selected commodities are supposed to represent various strata of the economy and are supposed to give
Wholesale price index comprises as far as possible all transactions at first point of bulk sale in the domestic market. Provisional monthly WPI for All Commodities is released on 14th of every month (next working day, if 14th is holiday).
Wholesale Price Index Number (WPI) to 2004-05 =100. Incorrect data for No.: 195/PVC/CLAR/02 dated October 12, 2010 (REVISED). Month year. April. 2005. May. 2005 Wholesale Price Index Numbers (Base: 2004-05=100). Ferrous Fuel
New Series of Wholesale Price Index Numbers (Base: 2004-05=100) RBI Monthly Bulletin 2072 October 2010 Promotion, Government of India, constituted a Working Group for the revision of the WPI series on December 26, 2003 under the Chairmanship of Prof. Abhijit Sen, Member, Planning Commission. Ever since the introduction of the Wholesale Price Index The Government on Monday approved a proposal to release wholesale prices-based inflation data on a monthly basis, instead of every week now, and changed the base year to 2004-05 from 1993-94. NEW DELHI: The government may change the base year for compiling wholesale price index (WPI) from the current 1993-94 to 2004-05. The department of industrial policy and promotion (DIPP), which has begun collecting data for trial runs, may roll it out in six months, officials in DIPP told SundayET. The new index along with the base year and the commodity basket was also examined by Technical Advisory Committee (TAC) on Prices and Cost of Living based in Central Statistical Organisation. Before the launch of the new index, inter-departmental consultations were held and opinions obtained from Economic Advisory Council of the Prime Minister.
Calender Year Index File From 2005 Onwards Financial Year Index File From 2005-06 Onwards Website Content Managed by Office of the Economic Adviser, DPIIT, MoCI, GoI New Series of Wholesale Price Index Numbers (Base: 2004-05=100) RBI Monthly Bulletin 2072 October 2010 Promotion, Government of India, constituted a Working Group for the revision of the WPI series on December 26, 2003 under the Chairmanship of Prof. Abhijit Sen, Member, Planning Commission. Ever since the introduction of the Wholesale Price Index For the month of December, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 183.3 as compared to 182.8 (provisional) and annual rate of inflation based on final index stood at 3.68 percent as compared to 3.39 percent (provisional) respectively as reported on 16.01.2017.