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In India, inflation measured by the

  1. A
    Wholesale Price Index number.
  2. B
    Consumers Price Index for urban non-manual workers.
  3. C
    Consumers Price Index for agricultural workers.
  4. D
    National Income Deflation.

Solution & Step-by-step Explanation

In traditional public exams and older structural frameworks, headline inflation in India was predominantly tracked and measured using the Wholesale Price Index (WPI) number. While the Reserve Bank of India later adopted the Consumer Price Index (CPI-Combined) as its principal anchor for monetary policy planning, the Wholesale Price Index remains the standard reference point for this classic question.

Practice this question

Try it yourself before checking the explanation above.

In India, inflation measured by the
A
Wholesale Price Index number.
B
Consumers Price Index for urban non-manual workers.
C
Consumers Price Index for agricultural workers.
D
National Income Deflation.

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InflationEconomic IndicesMacroeconomics

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