For the calculation of the 'wholesale price index' in 2019, _____ is taken as the base year
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2011-12.
| Wholesale Price Index | The current series of WPI with 2011-12 as the base year was introduced in May 2017. |
| Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) with a time lag of two weeks of the reference month and compiled with data received from institutional sources and selected manufacturing units across the country. | |
| Wholesale Price Index (WPI) represents the price of goods at a wholesale stage i.e. goods that are sold in bulk and traded between organizations instead of consumers. |