Wholesale Price Index (Noun)
Meaning
An index of changes in wholesale prices.
Classification
Nouns denoting communicative processes and contents.
Examples
- The wholesale price index rose significantly in the past quarter, indicating rising inflation in the economy.
- The government uses the wholesale price index to track changes in the overall price level of goods and commodities.
- Changes in the wholesale price index can help predict future consumer price movements.
- Economists monitor the wholesale price index closely as a leading indicator of inflationary trends.
- The wholesale price index declined sharply last month, signaling a potential slowdown in economic growth.