Here is the Food price changes Since Jan 2014 in comparing with previous year same time. Source: Whole Sale Price Index
Source:Whole Sale Price Index, published by Office of Economic Advisor, India
It is unbelievable that Agriculture Electricity Price Index soared 66% since 2004, whereas Domestic Price index increased by 30%. Surprisingly, Industry and Commercial Electricity Price index has moved up only by 17% & 14% respectively. Is something wrong out here? Source: India Wholesale Price Index (WPI) data,
Compare the trend between Whole Price Index (WPI) & Industrial Production Index (IIP)
Inflation in India is primarily measured by WPI (Wholesale Price Index). But, most of the developed economies, Inflation is measured by the Consumer Price Index. This puts the WPI data is not directly comparable with other countries CPI data. Later CPI is started being measured from Jan 2011 onwards. Below chart shows the comparison of how WPI & CPI varies over time. Note: It is time for India to re-base WPI, as the last time the re-base was done in 2004.