Symbiosis National Aptitude Test SNAP 2013 Paper

Inflation in India is measured on the wholesale price Index (WPI). The wholesale price index (WPI) is based on the wholesale price of a few relevant commodities of over commodities available. The base year used for comparing is 2004–05 and uses 676 items. The indicator tracks the price movement of each commodity individually. Based on this individual movement, the WPI is determined through the averaging principle.