Wholesale Price Index (WPI) in India for June 2024
The Wholesale Price Index (WPI) in India for June 2024, Based on the 2011-12 Base Year
India’s Wholesale Price Index (WPI) for June 2024, calculated with the base year of 2011-12, has been released, showcasing significant trends in the country’s economic landscape. This index measures the average change in prices received by wholesalers from the sale of goods in bulk, providing a crucial insight into inflationary pressures across various sectors.
Key Highlights of WPI June 2024:
- Overview of WPI Trends: The WPI for June 2024 stood at X.X%, reflecting a [increase/decrease] from the previous month. This indicates [economic trend significance].
- Sectoral Analysis: Key sectors contributing to this change include [sector names], with notable fluctuations observed in [specific sectors]. This reflects [sector-specific impacts].
- Implications for Policy and Economy: The WPI data influences monetary and fiscal policies, guiding decisions related to interest rates, inflation targeting, and economic stability measures.
Why this News is Important
Economic Policy Implications
The WPI serves as a critical indicator for policymakers, guiding decisions on monetary policies, interest rates, and inflation management strategies.
Sectoral Impact Assessment
Understanding WPI trends helps in assessing the performance and challenges faced by various sectors, aiding in targeted policy interventions.
Historical Context
Background of WPI in India
The Wholesale Price Index (WPI) has been a fundamental economic indicator in India since its inception, providing insights into price movements across key sectors.
5 Key Takeaways from WPI June 2024
| Serial Number | Key Takeaway |
|---|---|
| 1. | Overview of WPI trends in June 2024. |
| 2. | Sectoral analysis highlighting major contributors. |
| 3. | Implications of WPI data on economic policies. |
| 4. | Comparison with previous months’ WPI trends. |
| 5. | Importance of WPI in inflation targeting strategies. |
Important FAQs for Students from this News
What is the Wholesale Price Index (WPI)?
- Answer: The WPI is an index that measures the average change in prices received by wholesalers for goods sold in bulk.
How often is the WPI released in India?
- Answer: The WPI is released on a monthly basis by the Ministry of Commerce and Industry, Government of India.
What is the base year for the WPI calculation in June 2024?
- Answer: The base year for the WPI calculation in June 2024 is 2011-12.
What are the sectors covered under the WPI?
- Answer: The WPI covers major sectors such as manufacturing, agriculture, and fuel.
How does the WPI impact inflation in India?
- Answer: The WPI influences inflationary trends by indicating price movements at the wholesale level, which can affect consumer prices.
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