GS PrelimsEconomyInflation2001

The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of

1981-82

1990-91

1993-94

1994-95

Correct Answer: Option C

Explanation

1. The Wholesale Price Index (WPI) is used to measure inflation at the wholesale level in India. 2. The base year for the WPI is periodically updated by the Government of India to reflect changes in the economic structure, consumption patterns, and relative prices. 3. In May 2000, the Government of India released a new series of WPI, shifting the base year from 1981-82 to 1993-94. 4. Therefore, the new series referred to in the question (asked in 2001) had the base year 1993-94.

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