New Delhi, June 15 (IANS) Economists and industry experts on Monday welcomed the government’s rollout of a new producer price index (PPI) framework, saying it will strengthen inflation tracking, improve industry-level price monitoring and align India’s statistical system with global best practices.The government has introduced the Output Producer Price Index (OPPI), Trial Input Producer Price Index (IPPI) and Service Producer Price Indices (PPI) alongside the revised Wholesale Price Index (WPI) …
Latest wholesale price index News & Updates
New Delhi, June 15 (IANS) The Ministry of Commerce and Industry on Monday said that it launched a revised Wholesale Price Index (WPI) series with 2022-23 as the new base year and reported wholesale inflation at 9.68 per cent in May.The new WPI series replaces the existing 2011-12 base year series and is part of a broader overhaul of producer price measurement in the country.Alongside the revised WPI, the government released new series of Output Producer Price Index (OPPI), Trial Input Producer P…
New Delhi, June 2 (IANS) After more than a decade of preparation, India is finally set to launch the Producer Price Indices (PPI) — marking a major shift in the country’s inflation measurement framework. The new PPI series will be unveiled on June 15 alongside the revised Wholesale Price Index (WPI) with a new base year of 2022-23. For many people, the introduction of PPI may sound technical, but the concept is fairly simple.The new framework is aimed at measuring inflation more accurately fr…
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, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, April 15 (IANS) India’s inflation rate, based on the wholesale price index, edged up to 3.88 per cent during March, compared to the same month of the previous year, primarily due to the increase in prices of crude oil and natural gas and manufactured products.The WPI inflation was higher than the corresponding figure of 2.13 per cent recorded in February this year.WPI food inflation remained constant at 1.85 per cent in March this year compared to the same month of the previous year.T…
New Delhi, Feb 16 (IANS) India’s annual rate of inflation based on the Wholesale Price Index (WPI) was estimated at 1.81 per cent for January this year compared to the same month of the previous year, according to figures released by the Commerce and Industry Ministry on Monday.Positive rate of inflation in January is primarily due to an increase in prices of the manufacture of basic metals, other manufacturing, non-food articles, food articles and textiles, the official statement said.The mon…
New Delhi, Jan 26 (IANS) India continues to remain the bright spot supported by its strong macro fundamentals and the government capex may cross Rs 12 lakh crore in FY27, a year-on-year growth of 10 per cent, an SBI Research report said on Monday.The nominal GDP growth relevant for Budget math is expected at 10.5-11 per cent with the uptrend in global commodity prices may percolate in a higher WPI.A bit slower nominal growth may hurt tax revenues in FY27, requiring better expenditure planning. H…
New Delhi, Jan 14 (IANS) India’s inflation rate based on wholesale prices was estimated at 0.83 per cent for December 2025 compared to the same month of the previous year with the positive rate primarily due to the increase in prices of manufactured goods and minerals, according to figures released by the Commerce and Industry Ministry on Wednesday.Food inflation was estimated at 0 per cent as there was no increase in the wholesale prices of food in December, compared to the same month of the …