Wholesale Price Index - WPI

What is the 'Wholesale Price Index - WPI'

The Wholesale Price Index (WPI) is an index that measures and tracks the changes in price of goods in the stages before the retail level. Wholesale price indexes (WPIs) report monthly to show the average price changes of goods sold in bulk, and they are a group of the indicators that follow growth in the economy.

Although some countries still use the WPIs as a measure of inflation, many countries, including the United States, use the producer price index (PPI) instead.

BREAKING DOWN 'Wholesale Price Index - WPI'

The wholesale price indexes used in Indonesia were originally set up in 1996; the base year was reset in April of 2006 with a WPI value of 2000. Index values in Indonesia are commonly expressed as 2000=100.

As an example, the Indonesian Agriculture WPI in February of 2008 was 5140, but was expressed in the recent tables released by Statistics Indonesia as 257 (calculated as 5140/[2000/100]=257).

RELATED TERMS
  1. Wholesale Banking

    Banking services between merchant banks and other financial institutions. ...
  2. Wholesale Energy

    A term referring to the purchase and sale of energy products ...
  3. Indexation

    Linking adjustments made to the value of a good, service or other ...
  4. Master Trust

    A collection of funds from individual investors that are pooled ...
  5. Trading House

    A business that specializes in facilitating transactions between ...
  6. Wholesaling

    The sale and distribution of goods to users other than end consumers. ...
Related Articles
  1. Markets

    Understanding Wholesale Banking

    Wholesale banking refers to banking services for merchant banks and other financial institutions.
  2. ETFs & Mutual Funds

    This Asian Nation's Stocks Are Up Over 20% YTD

    The Indonesian economy is in a bit of a rut, but new, business-friendly leadership could make its stocks a good bet.
  3. ETFs & Mutual Funds

    What is an Index?

    An index is a statistical means of calculating a change in an economy or market.
  4. Markets

    Understanding the Producer Price Index (PPI)

    The Producer Price Index, or PPI, measures the average change in the prices that domestic producers receive for the output they sell.
  5. Markets

    Emerging Markets: Analyzing Indonesia's GDP

    We look at the GDP of Indonesia, which bore the brunt of the Asian financial crisis but weathered the 2008 financial crisis better than its peers.
  6. Retirement

    Economic Indicators: Wholesale Trade Report

    By Ryan Barnes Release Date: On or around the 9th of the month Release Time: 10am Eastern Standard Time Coverage: Two ...
  7. ETFs & Mutual Funds

    The Pros and Cons of Indexes

    Learn about the advantages and disadvantages of stock indexes and passive index funds. Discover how there is an opportunity cost to using index funds.
  8. Markets

    Does Indonesia’s OPEC Membership Matter?

    The sprawling archipelago nation joined OPEC in 1962 and suspended its membership on January 1, 2009, mostly due to declining domestic oil production and rising domestic demand. Indonesia will ...
  9. ETFs & Mutual Funds

    Index Investing: What Is An Index?

    An index is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. It would be too difficult to track every single security trading in the ...
  10. Markets

    Using Index Futures To Predict The Future

    Want to know whether the stock market will open up or down? Check out the index futures.
RELATED FAQS
  1. What economic indicators are important for investing in the wholesale sector?

    Understand what economic indicators are important for people looking to invest in the wholesale sector. Learn how a company ... Read Answer >>
  2. What metrics can be used to evaluate companies in the wholesale sector?

    Find out which metrics are used for the analysis and valuation of wholesale distributors, and learn what makes a metric appropriate ... Read Answer >>
  3. What is the average price-to-earnings ratio in the wholesale sector?

    Find out more about the wholesale sector and the simple average of the price-to-earnings ratios of companies in the sector. Read Answer >>
  4. Is the consumer price index (CPI) the best measure of inflation?

    Discover how the CPI is one of the most used indexes to measure inflation, but due to its limitations, the PPI and GDP deflator ... Read Answer >>
  5. What are the most common market indicators to follow the U.S stock market and economy?

    Understand some of the key indicators analysts use to follow the U.S. stock markets and to assess the overall condition of ... Read Answer >>
  6. What is the goal of real estate wholesaling?

    Invest in real estate with minimal capital through wholesaling. There is no remodeling or carrying costs. Rather, a quick ... Read Answer >>
Hot Definitions
  1. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  2. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  3. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  4. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  5. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
  6. Security

    A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship ...
Trading Center