New Delhi: The government on Monday came out with producer price index (PPI) data for both goods and services for the first time to better reflect price movement, paving the way for phasing out wholesale price inflation numbers in the next five years.
This is in line with practices adopted by advanced economies and the recommendations of the International Monetary Fund (IMF), which stressed that there is a growing need for India to transition from the wholesale price index (WPI) to the Producer Price Index (PPI).
