WebJun 22, 2024 · In the CPI and WPI breakdown, the most considerable increase has been the Food industry and the Fuel and Power sector. Food inflation has recently been the biggest policy worry in India. According to the Food and Agricultural organization, food prices are 30% higher globally compared to May of 2024. WebWPI is used to measure the average change in price in the sale of goods in bulk quantity by the wholesaler, whereas CPI measures the change in the price in the sale of goods or …
CPI Inflation Impact ET Explains: The CPI-WPI gap, and how CPI ...
WebCPI Food group has a weight of 39.1 per cent as compared to the combined weight of 24.4 per cent (Food articles and Manufactured Food products) in WPI basket. The CPI basket consists of services like housing, education, medical care, … WebMay 14, 2024 · WPI FOOD INDEX (Weight 24.38%) The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Products’ from Manufactured Products group have provisionally increased from 146.1 in March, 2024 to 146.6 in April, 2024.The rate of inflation based on WPI Food Index decreased from 5.49% in March, 2024 to 3.60% in April, … hammerli accessories
Milk and milk products have an average weightage of 6.61 % in CPI
WebJul 18, 2024 · The two indices differ in the manner in which weightages are assigned. This applies to food, fuel and manufactured items as well as their sub-segments. E.g. weightage of food in CPI is far higher (46%) than in WPI (24%). Also, WPI does not capture changes in the prices of services but CPI does. What are the driving factors for WPI rise? WebApr 12, 2024 · The food basket has a weightage of 54.18 percent in the overall CPI. Also Read: Industrial output rises 5.6 percent in February 2024 The retail inflation rose from 5.7 percent in December 2024 to 6.4 percent in February 2024 on the back of higher inflation in cereals, milk, and fruits and slower deflation in vegetable prices. WebOct 17, 2024 · For example, in the consumers basket, food has a much higher weightage than in the wholesale basket. This essentially means a rise in food prices will cause a bigger spike in the CPI basket than in the WPI one. Similarly, manufactured goods are given more weightage in the wholesale basket. burp bowl cafe