About WPI

• Wholesale Price Index measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole.
• WPI basket does not cover services.
• It is released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. 
• The base year is 2011-2012.
• The index basket consists of commodities under 3 main categories in decreasing order of weightage: Manufactured products, Primary Articles and Fuel and Power. 

Why in News?

• Wholesale price-based inflation eased to 13.93 per cent in July as compared to 15.18 per cent in preceding month. Wholesale inflation was at a record high of 15.88 per cent in May this year and stood at 11.57 per cent in July last year.

Reference:

1. https://newsonair.gov.in/News?title=Wholesale-price-inflation-eases-to-13.93-per-cent-in-July&id=446082