UPSC 2002 › Indian Economy › Inflation & Price Indices

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With reference to the Wholesale Price Index (WPI), consider the following statements:

  1. The new WPI series with base 1993-94 = 100 became effective from April 1998.
  2. In the new WPI series, became effective from 1 April 2000.
  3. The weight for electricity has increased in the new WPI series.

Which of these statements are correct?

(a) 1, 2 and 3
(b) 2 and 3
(c) 1 and 3
(d) 1 and 2
Show answer
Answer: (b) 2 and 3