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Inflation 2009-10
- 13. It is measured as a rate percentage per unit time, say a year or month.
- 14. When the level of currency of a country exceeds the level of production, inflation occurs.
- 42. The Wholesale Price Index or WPI is the price of a representative basket of wholesale goods.
- 45. The index is published weekly with the shortest possible time gap of two weeks.
- 46. It is used to analyze the market activity and the monetary conditions in an economy.