The Wholesale Price Index (WPI) is the price of a representative basket of wholesale goods.

India uses WPI changes as a central measure of inflation. This data API provides access to the WPI data published by the Government of India.
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The Wholesale Price Index or WPI is the price of a representative basket of wholesale goods. Some countries use the changes in this index to measure inflation in their economies, in particular India - The Indian WPI figure is released every 10 days and influences stock and fixed price markets. The Wholesale Price Index focuses on the price of goods traded between corporations, rather than goods bought by consumers, which is measured by the Consumer Price Index. The purpose of the WPI is to monitor price movements that reflect supply and demand in industry, manufacturing and construction. This helps in analyzing both macroeconomic and microeconomic conditions.

Overall Wholesale Price Index (OWPI)

The WPI covers five commodity groups - agriculture; manufacturing; quarrying; import and export; and mining.

The wholesale price index comprises of the following indices: Domestic Wholesale Price Index (DWPI) Export Price Index (EPI) Import Price Index (IPI) Overall Wholesale Price Index (OWPI) The WPI covers five commodity groups - agriculture; manufacturing; quarrying; import and export; and mining. Features of Wholesale Price Index The features of the wholesale price index are: It captures the price movement extensively and is, therefore, taken as an indicator of inflation. The index is published weekly, with the shortest possible time gap of only two weeks. WPI is used to analyze market activity and monetary conditions in an economy. It focuses on the changing nature of the economy of different kinds of services, such as the railways, road transportation, telecommunications and banking. These features highlight the utility of this index in monitoring ongoing changes in an economy in order to suggest the need for any adjustment.

The 435 commodities are divided into different groups & sub groups. The list of 435 commodities can be found here. Each commodity has some weightage in the WPI index. Below are the weightages of commodities group wise:1. Primary Articles (weightage: 22.02525%) 2. Fuel, Power, Light & Lubricants (weightage: 14.22624%) 3. Manufactured Products (weightage: 63.74851%) The primary articles group consists of following sub groups: Food articles, non food articles and minerals. The Manufactured Products group consists of following sub groups: Food Products, Beverages, Tobacco & Tobacco Products, Textiles, Wood & Wood Products, Paper & Paper Products, Leather & Leather Products, Rubber & Plastic Products, Chemicals & Chemical Products, and Non-Metallic Mineral Products, Basic Metals. Alloys & Metals Products, Machinery & Machine Tools, Transport Equipments &Parts, Other Misc. Manufacturing Industries