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The Economic Times
The Economic Times
National

India overhauls inflation framework with new Producer Price Index, revised WPI

India Inflation Renewable Energy

India will launch a new Producer Price Index (PPI) and roll out a revised Wholesale Price Index (WPI) series from June 15, marking one of the most significant overhauls of the country's inflation measurement framework in more than a decade.

The Department for Promotion of Industry and Internal Trade (DPIIT) said the base year for the WPI has been revised from 2011-12 to 2022-23, while new series of Output Producer Price Index (OPPI), Trial Input Producer Price Index (IPPI) and Service Producer Price Index (Service PPI) will also be introduced.

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