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Jeremy Thangkhokai Haokip

· started a discussion

· 1 Months ago

wpi base year (Question: 226996.0 )

WPI new base year is 2011-12... pls update. The question seems outdated.

Question:

What is the base year for WPI?

Options:
A) 2005-06
B) 2011-12
C) 2013-14
D) 2004-05
E) 2014-15
Solution:
Ans: (d) The WPI series has to be revised often because base year inflation is a relative concept. Prices of commodities change regularly. So, to calculate WPI, we need a base year. Base year should be revised once in a while. Current base year for WPI is 2011-12.

Knowledge Expert

· commented

· 1 Months ago

Dear Student,
We have resolved the issue occured.
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