Vanishing vanaspati still plays an outsized role in calculation of WPI

Although the usage of vanaspati has significantly reduced, it remains a significant factor in calculating the Wholesale Price Index (WPI). In India, vanaspati consumption has dropped from approximately 6% of total cooking oil consumption in 2010-11 to about 3% in 2022-23. While household consumption of vanaspati has declined and shows no signs of reversal, it remains prevalent in processed foods and the baking industry.