INDIAN WPI CONTRACTS BY 3.21%

New delhi : Inflation is a general and sustained increase in overall price level of goods and services. The inflation rate is a key parameter basis which government proposes it's monetary and fiscal policy.

WPI is an indicator of price change in the wholesale market It calculated the price paid by the manufacturers and wholesalers in the market.

CPI is a price index which represents the average price of a basket of goods over time .

It calculates the avarage price paid by the consumer to the shopkeepers. The wholesale price index is measured by changes happening in three broad sectors.

Primary articles : 22.62%

Fuel and power: 13.15%

Manufacturered products :64.23%

Indian wholesale inflation fell to the lowest in more than four years.

The wholesale price index fell 3.21 may on the anual basis the most since November 2015 after an increase of 0.42% in March.

According to a media statement released by the ministry of commerce and industry.