The base year for the current WPI (whole sale price index) series is 1993-94. It has 435 commodities in its basket, which includes 98primany articles, 318 manufactured products and 19 fuel and energy sources as well as lubricats.
But the basket is completely out of sync with current consumption trends. The WPI is illogical and outdated on various counts. Here are some outdated commodities incorporated in WPI index:-
Edible oils
Vanaspati Dalda, Rath, Suraj, Tarun, Panghat & Asoka
Toothpast
Forhans, colgate, cibaca.
Liquor
IMFL(Indian Made Foreign spirit) Double horse whisky, Kashmir Brandy No.1 Black Knight whisky, Diplomat Finest Selected whisky, Old Port Dix Rum.
The government says it is hard to draw up a more representative list of products because of problems in sourcing datas from as many as 5000 units.
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