The conversation between human and AI assistant.
Why does India use WPI instead of CPI to calculate inflation?
Does the use of WPI in India affect the average consumer in any way?
Yes, changes in WPI can affect the average consumer in India in a number of ways, such as through changes in the prices they pay for goods and services, changes in the availability of certain products, and changes in the overall economy. For example, if WPI goes up, it may result in higher prices for certain goods and services, which could make it more difficult for people to afford the things they need. On the other hand, if WPI goes down, it could lead to lower prices for certain goods and services, which may make it easier for people to get by. Does that answer your question?