What is Producer Price Index (PPI) and how does it work?

The Producer Price Index (PPI) also known as output price index measures the rate at which the prices of producing goods and services are changing over time. It is a key statistic for economic and business decision making and inflation monitoring.  The PPI does not only serve as an early indicator of inflationary pressures in the economy […]

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What is Wholesale Price Index (WPI)?

Wholesale Price Index (WPI) index reflects the average price change of goods that are bought and sold in the wholesale market. WPI is published by the Office of Economic Adviser, Ministry of Commerce and Industry. The Government periodically reviews and revises the base year of the macroeconomic indicators as a regular exercise to capture structural […]

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Basic Economics

The word ‘Economics’ is originated from the Greek word ‘Oikonomikos’ which can be divided into two parts: (a) ‘Oikos’, which means ‘Home’, and (b) ‘Nomos’, which means ‘Management’. Economics is the social science that studies the production, distribution, and consumption of goods and services. Adam Smith, considered to be the father of modern Economics, defined […]

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