Commodity money Commodity money Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies.
Wholesale price index .Currently the base year has been revised from 2004-05 to 2011-12 by the Office of Economic Advisor(OEA), Department of Industrial Policy and Promotion, Ministry of Commerce and Industry to align it with the base year of other macro economic indicators like the Gross Domestic Product(GDP)and Index of Industrial Production(IIP). Under primary article group of the new WPI there are 117 items against earlier 98, while fuel and power category remains static at 16. In the new series ,there are 564 items of manufactured products compared to 318 items earlier. The indicator tracks the price movement of each commodity individually. Based