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Wholesale Price Inflation (WPI): WPI started to increase in 2022 with a peak value of 16.6% in May 2022 (as economic activities resumed post pandemic and the Russia-Ukraine conflict alleviated it more) and it slipped to 5.0% by year end. Hence, statement 1 is correct. WPI and CPI trends: Since 2021, there had been a divergence between the WPI and the CPI indexes, followed by a trend of convergence. Reasons for divergence: The difference in relative weights of the two indexes and the lagged effect of imported input costs on retail prices. Reasons for convergence: A cooling in WPI inflation of commodities such as crude oil, iron, aluminum etc. along with the rise in CPI inflation (fuelled by the rise in services cost). An important measure of demand-pull inflation - core inflation - remains sticky. Hence, statement 2 is correct. Consumer Price Inflation (CPI): The index numbers used to calculate the retail inflation of a nation constitute the CPI, which is also known as the "market basket", and is responsible for tracking the shift in prices at the level of the household. Wholesale Price Inflation (WPI): The index numbers used to measure the change in the overall price of goods before they are sold at retail prices constitute the WPI. Global economic slowdown and interest rate increases brought down commodity prices, contributing to a substantial decline in wholesale price inflation. Thus, input price pressures on Indian manufacturers abated. Even as inflation abated at the wholesale level, there has been a pass-through of previously high input costs onto retail prices, so CPI was on rise. Hence, statement 3 is correct. Core inflation remains sticky at nearly 6 percent and reflects the second-round effects of the supply shocks witnessed earlier this year.
Pheromone Gossyplure released by an insect
Source of trypisn enzyme is
Which of the following is disease causing pathogen in mango group?
Which insect head type is characterized by a vertical orientation of the head axis, perpendicular to the body axis, with mouthparts projecting downward?
Which of the following statement is incorrect?
Increased genetic diversity resulting from extended time in tissue culture is a phenomenon known as:
Food and Agriculture Organization with its HQ at Rome was found in the year ___
The codon which is also known as start codon or initiation codons it starts the synthesis of polypeptide chain.
Which one of the following is best stage for the harvesting of Anthurium
Black dusty mass formed in plant part is: