What does wholesale price index mean?
Definitions for wholesale price index
whole·sale price index
This dictionary definitions page includes all the possible meanings, example usage and translations of the word wholesale price index.
Princeton's WordNet
producer price index, wholesale price indexnoun
an index of changes in wholesale prices
ChatGPT
wholesale price index
The Wholesale Price Index (WPI) is a measure of price changes at the wholesale level, primarily used to track inflation in an economy. This economic indicator measures the average changes in prices received by domestic producers for their output, capturing price movements across a diverse range of commodities, such as agricultural products, fuel, and industrial goods. The WPI is often considered a key indicator of economic trends and is used in various forms of economic analysis and policymaking.
Wikidata
Wholesale price index
The Wholesale Price Index is the price of a representative basket of wholesale goods. Some countries use WPI changes as a central measure of inflation. However, United States now report a producer price index instead. The Wholesale Price Index or WPI is "the price of a representative basket of wholesale goods". Some countries use the changes in this index to measure inflation in their economies, in particular India – The Indian WPI figure was earlier released weekly on every Thursday and influenced stock and fixed price markets. The Indian WPI is now updated on a monthly basis. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than goods bought by consumers, which is measured by the Consumer Price Index. The purpose of the WPI is to monitor price movements that reflect supply and demand in industry, manufacturing and construction. This helps in analyzing both macroeconomic and microeconomic conditions.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of wholesale price index in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of wholesale price index in Pythagorean Numerology is: 9
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"wholesale price index." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/wholesale+price+index>.
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