Topic
wholesale price index
Business 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.
Business India launches producer price index; wholesale inflation gauge to be phased out in five years
India on Monday launched its producer price index (PPI) for goods and services, replacing the wholesale price index (WPI) over five years. The new index, with a base year of 2022-23, covers 957 items and provides both output and input PPI data. Output PPI inflation stood at 9.4% in May 2026, in line with rising wholesale inflation.
Business India to Launch Producer Price Index on June 15
India will introduce the Producer Price Index (PPI) on June 15, marking a significant shift from the Wholesale Price Index (WPI). This transition aims to provide a more comprehensive measure of inflation by including services alongside goods.