wholesale price index (Meaning)
Wordnet
wholesale price index (n)
an index of changes in wholesale prices
Synonyms & Antonyms of wholesale price index
No Synonyms and anytonyms found
wholesale price index Sentence Examples
- The wholesale price index (WPI) is a statistical indicator that measures the change in wholesale prices of commodities.
- The WPI is an important economic indicator used by businesses and policymakers to monitor inflation.
- The WPI is calculated by tracking the weighted average price of a basket of commodities sold in bulk.
- The components of the WPI include primary articles, fuel, and manufactured products.
- Wholesale prices are considered an early indicator of future consumer price inflation.
- The WPI is often used to adjust contracts and government benefits for inflation.
- Central banks may use the WPI to determine monetary policy and interest rates.
- The WPI is published by statistical agencies in many countries, including the United States, the United Kingdom, and India.
- The WPI can be disaggregated by industry or sector to provide detailed price information.
- Understanding the WPI is essential for businesses involved in wholesale trade and for making informed economic decisions.
FAQs About the word wholesale price index
an index of changes in wholesale prices
No synonyms found.
No antonyms found.
The wholesale price index (WPI) is a statistical indicator that measures the change in wholesale prices of commodities.
The WPI is an important economic indicator used by businesses and policymakers to monitor inflation.
The WPI is calculated by tracking the weighted average price of a basket of commodities sold in bulk.
The components of the WPI include primary articles, fuel, and manufactured products.
