Executive Summary
The government has decided to gradually phase out the Wholesale Price Index (WPI) and replace it with a comprehensive Producer Price Index (PPI) system. The decision was taken to modernise country’s inflation and pricing data framework and align it with global best practices. The Commerce and Industry Ministry said that the government has approved the revision of the base year of the Wholesale Price Index (WPI) from 2011-12 to 2022-23. Considering the wide usage of WPI in price escalation clauses, this index will be released for five years from the date of release of the revised series along w
Source Coverage
| Source | Headline | Published At |
|---|---|---|
| Akashvani / News on AIR – Business category | Govt to replace WPI with PPI system to align country’s data woth global best practices | 2026-06-02 00:00:00+00:00 |
Timeline
- 2026-06-02 00:00:00+00:00: Govt to replace WPI with PPI system to align country’s data woth global best practices (via Akashvani / News on AIR – Business category)
