Meaning of “wholesale price index” in the English Dictionary

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"wholesale price index" in Business English

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wholesale price indexnoun [ C, usually singular ]

uk us abbreviation WPI ECONOMICS

a list of some basic wholesale prices that shows how they change over time, used to measure inflation:

Year-on-year inflation, measured by the wholesale price index, is currently 3%.

(Definition of “wholesale price index” from the Cambridge Business English Dictionary © Cambridge University Press)