Question 94

CPI and WPI as acronyms refer to

Solution

CPI and WPI are price indices used to keep track of inflation.

CPI is the abbreviation of Consumer Price index. It calculates the average price paid by the consumer to the shopkeepers.
WPI is the abbreviation of Wholesale price index. It calculates the price paid by the manufactures and wholesalers in the market.

Therefore, option C is the right answer.

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