# WPI - Current Affairs Questions and Answers

1)   What is the new base year for IIP and the WPI?

a. 2011-2012
b. 2004-2005
c. 2007-2008
d. None of the above

2)   Inflation at wholesale level registered a growth of what percent in Nov 2016?

a. 3.15
b. 3.16
c. 3.17
d. None of the above
 Answer  Explanation ANSWER: 3.15 Explanation: Inflation at the wholesale level slowed in November due to subdued prices, with the Wholesale Price Index registering a growth of 3.15 per cent, its slowest rate since June 2016.WPI registered a growth rate of 3.4 per cent in October, and the index has now witnessed a slowing growth rate for the third consecutive month as of November.The easing in wholesale prices comes at a time when even retail price inflation has been cooling off, with the Consumer Price Index witnessing a two-year low growth rate of 3.6 per cent in November.What is WPI?The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.Some countries 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.WPI monitors price movements that reflect supply and demand in industry, manufacturing and construction.This helps in analysing both macroeconomic and microeconomic factors.

3)   The Wholesale inflation registered in July 2015 is _____.

a. -2.04%
b. -1.14%
c. -4.05%
d. -5.1%
 Answer  Explanation ANSWER: -4.05% Explanation: Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a low of minus 4.05 percent on cheaper vegetable and fuel. The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July. The overall wholesale price index-based (WPI) inflation was minus 2.40 percent in June. It has been in the negative zone since November 2014. A year ago in July 2014, inflation was 5.41 per cent. During the month, pulses, milk, edible oil, egg, meat and fish turned dearer.