Which of the following is used to measure inflation in India?

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Wholesale Price Index number

National Income Deflation

Consumers Price Index for urban non-manual workers

Consumers Price Index for agricultural workers

answer is B.

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Detailed Solution

Consumer Price Index and Wholesale Price Index (WPI) are two widely used and significant indicators of inflation (CPI).
The CPI tracks the rise in prices of needs purchased by the average consumer in the retail market, whereas the WPI tracks the rise in costs of a specified basket of commodities that are popular in the wholesale market.
The WPI, which is calculated weekly, serves as India's primary inflation gauge.

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