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Difference between CPI and WPI

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Difference between CPI and WPI

Posted by Varun Savaria 4 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 1 month ago

Bases of Comparison	WPI	CPI
Full-Form	Wholesale Price Index	Consumer Price Index
Meaning	It is used to measure the average change in price in the sale of goods in bulk quantity by the whole seller.	CPI is a consumer price index that measures the change in the price in the sale of goods or services in retail or directly to the consumer.
Published By	WPI is published by the office of economic advisor that Ministry of Commerce and Industry.	CPI is published by Central Statistic Office that Ministry of Statistic and Programme Implementation.
Measured Price By	It is restricted to goods only.	It is both for goods and services.
Measurement of Inflation	WPI measures inflation in the first stage.	WPI measures inflation in the final stage.
Prices Bear By	Prices bear by manufacturer and whole seller.	Prices bear by the consumer.
Number of items covered	697	448 for rural and 460 for urban.
Goods and Services Covered	Fuel, power and manufacturing products.	CPI covers education, food, transport, communication, recreation, apparel, housing, and medical care.
Base/ Reference Year	The Financial Year	The Calendar Year
Used by	Used by a few countries.	Used by 157 countries.
Date of Released	It releases on a weekly basis for primary articles, fuel, and power for rest items in publishing monthly.	It releases on a monthly basis.

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