WPI VS CPI
WPI VS CPI
Is a number that shows how much the prices of
everyday things people buy like food, clothes, transport, and school fees are
going up or down over time. If the CPI goes up, it means things are becoming
more expensive. If it goes down, it means prices are falling. The government uses CPI to check inflation and
to make important decisions about the economy.
WPI (Wholesale Price Index)🚀
- Is a number that shows how the prices of goods are changing at the wholesale level, before they reach the customers. It includes items like raw materials, fuel, and goods sold in bulk to shops or businesses.
- It is mainly used to understand price changes in the production and trade sector. Unlike CPI, WPI does not include services or the price of things bought by normal people for daily use.
- CONCLUSION😎
- CPI shows price changes for things people buy every day, like food and clothes.
WPI shows price changes for goods sold in bulk to shops and businesses.
INSTAGRAM LINK
https://www.instagram.com/reel/DGvXxiezkZp/?igsh=MXZ1ejRkNTV5Mms2NA==
YOUTUBE LINK
https://youtube.com/shorts/xu2Na8dLy4U?si=fdjNWTKnOSQDeYF8
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