The stock market is not a simple place and there are several factors that are responsible for the fluctuation in the prices of the stock market. One of the factors that are involved behind the pricing is the WPI or the wholesale price index as it is called. This measures the current price in the market whereas the CPI measures the fluctuation in the prices over the span of time. These parameters can be used to analyze the situation of the stock market at that moment. But they are all measured in comparison to a base year that you will have to consider and measure accordingly.
There are apps that work on CPI and WPI tracking
These days everything has become simplified and this is also available in the automated version. So, if you want you can buy android app installs where you can monitor these parameters along with several others in order to keep a track on what is happening in the stock market. These apps are compatible with mobile platforms like android and iOS so you can easily keep a track of the stock market just from your phone.
CPI and WPI measure the inflation of the stock market
The main use of these 2 parameters is to measure the inflation or deflation of the stock market. It is considered that CPI is superior to WPI because CPI can measure both goods and service condition whereas WPI is restricted to the measurement of goods only.
If you have been looking for an effective approach to keep track of your stock market fluctuations then this could be a very effective method that can be used for the purpose and can be detected by mobile-based software only. Thus these 2 parameters have their own impact on the stock market.