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Metadata Glossary

CodeFP.WPI.TOTL
Indicator NameWholesale price index (2010 = 100)
Long definitionIndex of prices of a mix of agricultural and industrial goods at various stages of production and distribution, including import duties, as compared to a certain reference period (2010=100).
SourceInternational Financial Statistics database, International Monetary Fund (IMF)
TopicFinancial Sector: Exchange rates & prices
DatasetWB_WDI
Unit of measureindex (2010 = 100)
PeriodicityAnnual
Reference period1960-2024
Statistical concept and methodologyMethodology: Wholesale Prices Indices are compiled in accordance with international standards: Producer Price Index Manual, 2004 version. Specific information on how countries compile their WPI statistics can be found on the IMF website: https://dsbb.imf.org/ Statistical concept(s): The conceptual basis of a wholesale price index series is to measure the rate at which prices of goods and services are changing from one period to another, for products that flow from a wholesaler to a retailer.
Development relevanceA general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation.
License URLhttps://datacatalog.worldbank.org/public-licenses#cc-by
License TypeCC BY-4.0
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