Economics · Inflation Indices
Regarding the commodity and sector coverage of price indices in India, which statement accurately distinguishes the Consumer Price Index (CPI) from the Wholesale Price Index (WPI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1CPI covers both goods and services, whereas WPI covers only goods.✓
- 2WPI covers both goods and services, whereas CPI covers only goods.
- 3CPI includes manufacturing inputs and intermediate goods, which WPI excludes.
- 4WPI includes a larger total number of service sectors than CPI.
Correct answer
CPI covers both goods and services, whereas WPI covers only goods.
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