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Zorluk: KolayInflation Types, Price Indices (CPI, WPI), and Price Control Mechanisms

With reference to the price indices published in India, consider the following statements:
1. The Wholesale Price Index (WPI) is compiled and published by the National Statistical Office (NSO).
2. The Consumer Price Index (CPI) for rural, urban, and combined sectors is released by the Office of the Economic Adviser, Ministry of Commerce and Industry.

Which of the statements given above is/are correct?

  1. A
    1 only
  2. B
    2 only
  3. C
    Both 1 and 2
  4. Neither 1 nor 2Cevap

Cevap

Neither 1 nor 2 is correct.
Both statements are incorrect. In India, the Wholesale Price Index (WPI) is published by the Office of the Economic Adviser (Ministry of Commerce and Industry), while the Consumer Price Index (CPI Combined) is compiled and published by the National Statistical Office (NSO, Ministry of Statistics and Programme Implementation). Therefore, the option stating 'Neither 1 nor 2' is correct.

Adım Adım Çözüm

1
Evaluate Statement 1 regarding the Wholesale Price Index (WPI).
Statement 1 is incorrect.
The Wholesale Price Index (WPI) is compiled and released by the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
2
Evaluate Statement 2 regarding the Consumer Price Index (CPI).
Statement 2 is incorrect.
The Consumer Price Index (CPI) for Rural, Urban, and Combined sectors is compiled and released by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
3
Determine the correct answer based on evaluations.
Since both statements swap the responsible publishing bodies, neither statement is correct.
Both statement 1 and statement 2 present inverted facts regarding the compiling agencies.

Anahtar Kavram

Releasing agencies of Indian price indices (CPI vs WPI)
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