Which of the following statements is are true regarding CPI and WPI Index 1 ...........

Economic Affairs Growth and Indicators

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Which of the following statements is/are true regarding CPI and WPI Index?

1. WPI has an all India character whereas CPI varies across the regions.

2. WPI contains only goods whereas CPI contains both goods and services.

3. Base year for WPI is 2004 whereas base year for CPI is prescribed as 2011-12.

4. Manufacturing goods have highest weightage in WPI whereas food articles have highest weight age in CPI.

Select the correct answer using the codes given below

1 only

1 and 2 only

1, 2 and 4

All of the above

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Explanation:

WPI has an all India character whereas CPI varies across the regions and also across thecities.WPI is calculated by the Economic Advisor under the Ministry of Commerce and Industry whereas CPI is calculated by CS Ounder the Ministry of Statistics and Programme Implementation.WPI contains only goods whereas CPI contains both goods and services. Base Year for both WPI and CPI is 2011-12