Current Affairs

Wholesale Price Inflation Rose in February

The Wholesale Price Index is released by the Office of Economic Advisor (OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
Wholesale Price Inflation Rose in February

About the Wholesale Price Index- February 2019:

  • Inflation based on wholesale prices rose to 2.93% in February over January 2019 due to hardening of prices of primary articles, fuel and power.
  • Wholesale Price Index (WPI) based inflation stood at 2.76% in January 2019 and it was 2.74% during February 2018.
  • Inflation of primary articles, which includes kitchen essentials like potato, onion, fruits, and milk increased to 4.84 per cent during the month, as as against 3.54 in January.
  • Wholesale-based price inflation for 'fuel and power' segment increased to 2.23 per cent in February as against 1.85 per cent in January 2019.

One must know:

  • The Base year for the calculation of the Wholesale Price Index is 2011-12.
  • In the WPI index, Primary Articles have a weightage of 22.62 per cent, Fuel and Power have a weightage of 13.15 per cent and Manufactured Products have a weightage of 64.23%.

Question:

Q. Which office in the Ministry of Commerce and Industry releases the Wholesale Price Index?
a. Office of Economic Advisor (OEA)
b. Office of Financial Advisor (OFA)
c. Office of Consumer Advisor (OCA)
d. Office of Price Action Advisor (OPAA)
Wholesale Price Inflation Rose in February Wholesale Price Inflation Rose in February Reviewed by pooja on March 17, 2019 Rating: 5

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