Energy providers are encouraging customers to conserve natural gas as supply demand is expected to increase the wholesale price of gas within the coming days.
WPI and CPI are two different baskets of goods and services. The government assigns different weights to different goods and services based on what is relevant for those two types of consumers.
As per the government’s ‘ballpark’ assessment, the logistics cost stood between 8.7-9.9% of GDP in 2011-12, which rose to 8.8-10% in 2012-13, and then fell below the maximum upper bound of 9.4% of GDP between 2014-15 till 2021-22