WBCS.LIVE practice question

The most common measure of estimating inflation in India is—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Price Index
  2. Wholesale Price Index (WPI)
  3. Consumer Price Index (CPI)
  4. Price Index of Index Goods

Correct answer and explanation

Correct answer: Wholesale Price Index (WPI)