![China insight: CPI basket decoded - food dominates, services key | Insights | Bloomberg Professional Services China insight: CPI basket decoded - food dominates, services key | Insights | Bloomberg Professional Services](https://assets.bbhub.io/image/v1/resize?type=auto&url=https%3A%2F%2Fassets.bbhub.io%2Fprofessional%2Fsites%2F10%2F338856996.png&width=800)
China insight: CPI basket decoded - food dominates, services key | Insights | Bloomberg Professional Services
![Consider the following statements:1. The weightage of food in Consumer Price Index (CPI) is higher than that Wholesale Price Index (WPI).2.The WPI does not capture changes in the prices of services, which Consider the following statements:1. The weightage of food in Consumer Price Index (CPI) is higher than that Wholesale Price Index (WPI).2.The WPI does not capture changes in the prices of services, which](https://edurev.gumlet.io/ApplicationImages/Temp/d85db71e-ef60-4a5e-835b-d87d70e9c8c1_lg.jpg?w=360&dpr=2.6)
Consider the following statements:1. The weightage of food in Consumer Price Index (CPI) is higher than that Wholesale Price Index (WPI).2.The WPI does not capture changes in the prices of services, which
![CPI inflation: Basket composition drives inflation wedge, CPI-WPI divergence to continue - The Economic Times CPI inflation: Basket composition drives inflation wedge, CPI-WPI divergence to continue - The Economic Times](https://img.etimg.com/thumb/width-1200,height-900,imgsize-93160,resizemode-1,msid-92256482/news/economy/indicators/basket-composition-drives-inflation-wedge-cpi-wpi-divergence-to-continue.jpg)