Inflation in India: Will the switch from WPI to CPI give us a truer picture?
In this article, Pranai Agarwal examines the Indian government’s decision to move from its historical reliance on the wholesale price index (WPI) to the consumer price index (CPI), to measure the inflation rate in India. He observes that the move is a wise one, and that it will provide us with a more accurate picture of the economic situation in …
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