Consider the following items of wholesale price index :
- 1. Primary articles
- 2. Fuel, power, lights and lubricants
- 3. Manufacturing products
Arrange the above items in descending order in terms of their weightage in calculating wholesale price index :
1, 2, 3
1, 3, 2
3, 1, 2
3, 2, 1
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2010
The Wholesale Price Index (WPI) in India is calculated based on the weighted average of prices of a basket of commodities. The commodities are classified into three major groups with different weightages reflecting their relative importance in wholesale trade. As per the current series (Base Year 2011-12), the weightages are approximately: Manufactured Products (64.23%), Primary Articles (22.62%), and Fuel & Power (13.15%). While the exact percentages may vary slightly with base year revisions, the descending order of weightage consistently remains Manufacturing > Primary > Fuel & Power.