Wholesale price index base year 2004-05 linking factor
The Wholesale Prices Index (WPI) with base year 1993-94=100 reflected the structure of economy nearly 15 years ago. In order to adequately capture the current structure of the economy, Office of Economic Adviser, Ministry of Commerce and Industry, Government of India, shifted the base year of WPI to 2004- 05=100 from 1993-94=100. According to this method, the linking factors for conversion of indices from the base 2004-05 series to the earlier base 1993-94 and from the base 1993-94 to the base 1901-81 up to Sectoral level are as follows: The CSO does not convert the indices at further disaggregate level. There are three commonly used methods for linking new WPI series with the old one: (i) Arithmetic conversion method : The relationship between indices in the new series(x) and the old series(y) is assumed to be linear, i.e., y=cx, where c is the c How is WPI (Wholesale Price Index) calculated? In this method, a set of 435 commodities and their price changes are used for the calculation. The selected commodities are supposed to represent various strata of the economy and are supposed to give
agencies for supply of price quotations are decided by a Working Group constituted at the time of revision of the base. The Wholesale Price Index (WPI)series has been last revised on May 12, 2017 by shifting baseyear from 2004-05 to 2011-12. Linking factor given for conversion of WPI(2011-12)indices to WPI(2004·05)seriesshould be usedfrom
current structure of calculation of wholesale price index, identifies Keywords: Escalation, price indices, construction materials. 1.0. elements of the original contract or base cost of a in the commodity basket of series 2004-05. In series 13 May 2017 This is the seventh revision of the base year, which has now been changed The growth in inflation as measured by the wholesale price index in 2016-17 was 1.7% as per the new base of 2011-12 against 3.7% with the 2004-05 base, the D-Street bulls in ICU: Five factors behind Sensex's 2,900-pt crash. Linking Factor For WPI Series (BASE: 2011-12) In view of the conceptual and methodological difference between the 2004-05 and 2011-12 series of Wholesale Price Index, the estimate of linking factor will vary depending on the type of method used. Linking Factor for WPI Series (Base: 2004-05) In order to maintain continuity in the time series data on wholesale price index, it is imperative to provide a linking factor so that the new series, when released, may be compared with the outgoing one. The Office of the Economic Adviser has been using the arithmetic conversion The selection of commodities, weights structure and the source agencies for supply of price quotations are decided by a Working Group constituted at the time of revision of the base. The Wholesale Price Index (WPI) series has been last revised on May 12, 2017 by shifting base year from 2004-05 to 2011-12.
How is WPI (Wholesale Price Index) calculated? In this method, a set of 435 commodities and their price changes are used for the calculation. The selected commodities are supposed to represent various strata of the economy and are supposed to give
Chapter- 1 Introduction 1.1 Importance of Wholesale Price Index Nodal Office for Other Methodological Changes Linking Factor Computerization of the index series of Index numbers of Wholesale Price in India (Base =100) Notification of STATE 2009-10 (With Base Year 2004-05) DIRECTORATE OF ECONOMICS current structure of calculation of wholesale price index, identifies Keywords: Escalation, price indices, construction materials. 1.0. elements of the original contract or base cost of a in the commodity basket of series 2004-05. In series
Discover data on Wholesale Price Index: 2004-05=100 in India. Explore expert forecasts and historical data on economic indicators across 195+ countries.
Currently the base year has been revised from 2004-05 to 2011-12 by the Office of Economic Advisor(OEA), Department for promotion of industry and internal
New Series of Wholesale Price Index Numbers (Base: 2004-05=100) Choice of base year In determining the base year for any index number, a set of well-known criteria is followed. These include: (a) the base year should be a normal year, i.e., a stable year in respect of economic activities like production, trade, etc.; (b) it should not
The price level as measured by the movement of Wholesale Price Index(WPI), on a point to point basis had 2003-04. 2004-05. 2005-06. Base Year. Index. % increase. Index. % increase. Index. % using the `Linking factors' for each centre .
The Wholesale Prices Index (WPI) with base year 1993-94=100 reflected the structure of economy nearly 15 years ago. In order to adequately capture the current structure of the economy, Office of Economic Adviser, Ministry of Commerce and Industry, Government of India, shifted the base year of WPI to 2004- 05=100 from 1993-94=100. According to this method, the linking factors for conversion of indices from the base 2004-05 series to the earlier base 1993-94 and from the base 1993-94 to the base 1901-81 up to Sectoral level are as follows: The CSO does not convert the indices at further disaggregate level. There are three commonly used methods for linking new WPI series with the old one: (i) Arithmetic conversion method : The relationship between indices in the new series(x) and the old series(y) is assumed to be linear, i.e., y=cx, where c is the c How is WPI (Wholesale Price Index) calculated? In this method, a set of 435 commodities and their price changes are used for the calculation. The selected commodities are supposed to represent various strata of the economy and are supposed to give