Wholesale Price Index
This change reflects the change in the structure of the economy. We can understand that any change in Fuel & Power and Manufactured Items prices will affect the general level of pricing more than the same change affected 3 decades ago. 3 decades ago, the change in the primary articles such as food items & cloth was more important than the Fuel & Power and Manufactured Product.
Some of the important items included in the new series basket are flowers, lemons, and crude petroleum in primary articles and ice cream, canned meat, palm oil, readymade/instant food powder, mineral water, computer stationery, leather products, scooter / motorcycle tyres, polymers, petrochemical intermediates, granite, marble, gold and silver, construction machinery, refrigerators, computers, dish antenna, transformers, microwave ovens, communication equipment (telephone instruments), TV sets, VCDs, washing machines, and auto parts in manufactured products.
Topics: Economic Survey 2010-11