WPI
Abbreviation with 2 meanings
| Stands for | Wholesale price index |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance, Education & Academia |
WPI has two meanings. It stands for Wholesale price index (economics) or Worcester Polytechnic Institute (university).
Meanings of WPI at a glance
| # | WPI stands for | Context |
|---|---|---|
| 1 | Wholesale price index | Business & Finance › Economics |
| 2 | Worcester Polytechnic Institute | Education & Academia › University |
1. Wholesale price index
Business & Finance · Economics Abbreviations
Index tracking changes in the prices of goods traded in bulk between businesses, such as raw materials, fuel and manufactured products, before they reach retail. India's WPI is a closely watched measure of producer-level inflation.
Example: India's WPI inflation turned negative as fuel and metal prices declined.
India's Office of the Economic Adviser publishes the WPI monthly. The Reserve Bank of India switched to consumer price inflation as its main policy gauge in 2014, making WPI secondary. Many countries, including the US, have renamed their wholesale indices producer price indices.
2. Worcester Polytechnic Institute
Education & Academia · University Abbreviations
Private technological university in Worcester, Massachusetts, founded in 1865, known for its project-based undergraduate curriculum, the WPI Plan, introduced in 1970. Students complete major projects in the humanities, social impact and their own discipline.
Example: Her WPI interdisciplinary project took her to Namibia to design water filtration systems.
Rocket pioneer Robert Goddard graduated from WPI in 1908. Its Global Projects Program sends students to project centers around the world. The academic year uses seven-week terms rather than semesters.
Related abbreviations
More economics abbreviations
- AD – Aggregate demand
- AS – Aggregate supply
- ATC – Average total cost
- AVC – Average variable cost
- BoC – Bank of Canada
- BoE – Bank of England
- BoJ – Bank of Japan
- BoP – Balance of payments
See all 81 economics abbreviations →