Union budget 2020 will fear and wish for inflation at same time Consumer Price Index (CPI), grew at 7.35% in December, the highest since July 2014. CPI and Wholesale Price Index (WPI February wholesale inflation cools to 2.26% on food articles. India’s wholesale inflation eased to 2.26% in February, on the back of lower inflation in food articles especially onion and vegetables, data released by the commerce and industry ministry showed on Monday. 17 Mar, 2020, 01:53AM IST As recorded history goes, Wholesale Price Indices for India have been published from the period of the Second World War. The first Economic Adviser to the Government of India in pre-Independence India, Sir Theodore E.G. Gregory (period 1937-1946) had started the ‘quick’ series, using the week ended August 19 1939 as base, and computed the Index from the week commencing January 10, 1942.