The wholesale price index number indicates the change in the general price level.
The uses of the wholesale price index are noted down below.
1. With the help of the wholesale price index, we can estimate the future demand and supply situations
2. It helps in forecasting future prices
3. It is used to measure the rate of inflation
4. It can be used to eliminate the effect of change in price on aggregates such as national income, capital formation, etc.
