## 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.

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 Laspeyres' Price index number and Paasche's Price index number Year 2007 Solved Sums | Statistics - Duration: 9:29. Mathur Sir Classes 30,024 views

## 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

Linking Factor For WPI Series (BASE: 2011-12) the 2004-05 and 2011-12 series of Wholesale Price Index, the estimate of linking factor will vary depending on  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  Recently, Office of the EconomicAffairs has published new series of Wholesale Price. Index (WPI)with base year revised from 2004-05to 2011-12. Whereasthe  Subject: Linking factor due to change in base year of Wholesale Price Index (WPI ) from. 2004-05 to 2011-12-reg. ADAMLARIFI. Pi. 1. Recently, Office of the

### 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

16 Feb 2018 place of the linking factor of 1.561 published by the Office of the The Office of the Economic Advisor has published a new series of Wholesale. Price Index (WPI ) with the base year revised from 2004-05 to 2011-12, thereby. 13 May 2017 The Wholesale Price Index (WPI) series in India has undergone six 2011-12 series, the estimate of linking factor will vary depending on the  15 May 2017 The base year of All-India WPI has been revised from 2004-05 to 2011-12 on Wholesale price index calculated with 2011-12 base year does not in the time series data on wholesale price index, the linking factor using the  436 items Revision of base year of the current series to 2004-05. Wholesale Price Index ( WPI) of the concerned categories, released by the Office of Production (IIP), it is imperative to provide a linking factor so that the new series,. Revision of base year of All-India Wholesale Price Index (WPI) from 2004-05 to Linking factor for changing old base year 1982=100 into new base year

### 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 Price Index (WPI) is the price of a representative basket of wholesale goods. Some countries (like the Philippines) use WPI changes as a central measure of inflation.But now India has adopted new CPI to measure inflation. However, United States now report a producer price index instead. It also influences stock and fixed price markets. The criteria used for the selection of a base year include: (i) normality (ii) availability of complete and detailed data set (iii) year of economic significance (iv) proximity to the study period, and (v) synchronization with the base year of other important indicators viz. National Accounts, Wholesale Price Index etc. It is worth