In India, inflation is traditionally measured through ________.
- AWholesale Price Index number
- BConsumer Price Index for urban non-manual employees
- CConsumer Price Index for agricultural labourers
- DNational Income Deflator
Solution & Step-by-step Explanation
Historically, the Wholesale Price Index (WPI) was the primary measure used to compute headline inflation in India for policy formulations before structural updates favored the Consumer Price Index (CPI) combined metrics.