New Delhi, July 14 (IANS) Wholesale price inflation in India stood at 9.87 per cent in June on a year-on-year basis, according to data released by the Ministry of Commerce and Industry on Tuesday.The Wholesale Price Index (WPI) for all commodities rose to 110.2 in June.Among the major groups, inflation in primary articles increased to 7 per cent, while fuel and power inflation moderated to 27.41 per cent.However, inflation in manufactured products remained unchanged at 7.48 per cent.In addition,…
Latest Producer Price Index News & Updates
New Delhi, June 2 (IANS) The Government on Tuesday announced that it has approved the revision of the Base Year of Wholesale Price Index (WPI) from 2011-12 to 2022-23 and compilation of Producer Price Indices (PPIs).Accordingly the revised series of WPI inflation with base year 2022-23 will be released on June 15, which would replace the existing series of WPI with base year 2011-12, according to a statement issued by the Ministry of Commerce and Industry.In addition, the new series of Output Pr…
New Delhi, June 2 (IANS) The government is set to revise the base year of the Wholesale Price Index (WPI) to 2022-23 and launch the Producer Price Index (PPI), a significant step towards updating India’s inflation measurement framework.In addition, the government has invited the media to a briefing on the matter on Tuesday, which will be addressed by DPIIT Principal Economic Adviser Praveen Mahto.“We have used WPI 2022-23 data, which has been made available internally to us, so that we do no…
New Delhi, April 12 (IANS) Pakistan is facing renewed concerns over rising poverty levels, with fresh estimates by the Social Policy and Development Centre (SPDC) suggesting that the country’s poverty rate has climbed to 43.5 per cent, a report has said. This figure is significantly higher than the 28.9 per cent estimated by the Pakistan Bureau of Statistics (PBS) based on the Household Integrated Economic Survey 2024-25, as per the Business Recorder report.The divergence in estimates stems la…
New Delhi, Feb 28 (IANS) With real GDP now estimated to grow by 7.6 per cent in FY 2025–26, the Indian economy is set to record strong and sustained expansion, according to an official statement.This robust performance reinforces India’s growth momentum and strengthens its trajectory towards achieving the vision of ‘Viksit Bharat’, marked by higher productivity, resilience, and inclusive development.To this accord, the revision of the GDP base year to 2022–23 marks a significant step i…