What the Wholesale Price Index (WPI) Measures.

The Wholesale Price Index (WPI) measures the prices of goods and services traded between businesses, also known as the “wholesale” price. The WPI is a basket of goods and services that businesses buy and sell to each other, rather than to consumers. The WPI is used to measure inflation in the economy. The WPI is … Read more

What is the Unit of Real Value?

The Unit of Real Value (or in its acronym UVR) was created in 1999 and reflects a unit of account that tries to project the purchasing power of a currency based on the inflation of the previous month, in the country of Colombia. The UVR is often used to calculate the cost of loans that … Read more