wholesale price index Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “wholesale price index” in the English Dictionary

"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 wholesaleprices that ​shows how they ​change over ​time, used to ​measureinflation: Year-on-year ​inflation, ​measured by the ​wholesalepriceindex, is ​currently 3%.
(Definition of wholesale price index from the Cambridge Business English Dictionary © Cambridge University Press)
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