Economy #inflation#india
India's Transition from WPI to PPI: Strengthening Inflation Measurement for Better Policy Making
India is transitioning from the Wholesale Price Index (WPI) to a Producer Price Index (PPI), with the first release based on the 2022-23 base year. The PPI addresses WPI's shortcomings, including inclusion of indirect taxes and lack of service sector coverage, and will improve inflation measurement for policy making. Businesses using WPI for indexation and contracts have a five-year transition period to adjust.
Jul 8, 2026 1 source