Examining the present methodology of compilation of the wholesale price index and the issues emerging out of the use of a remote base series, a weighting diagram of the current WPI series has been derived for the year 1988-89 to study the changes in structure of wholesale markets in the country during the last one decade. Due to data constraints, the weighting diagram has been derived from subgroup-level upwards in case of 'Manufactured Products' and commodity- levelupwards in case of 'Primary Articles'. The structure so derived is significantly different from the one which prevailed
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.