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Economics2h 12m ago

The Indian government unveiled a revised series of the Wholesale Price Index (WPI) with 2022-23 as the base year and introduced new Producer Price Indices (PPIs), reporting that WPI inflation surged to 9.7% year-on-year in May 2026.

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NEW DELHI

Who
Indian government, Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade, commerce ministry
What
The Indian government unveiled a revised series of the Wholesale Price Index (WPI) with 2022-23 as the base year and introduced new Producer Price Indices (PPIs), reporting that WPI inflation surged to 9.7% year-on-year in May 2026.
When
Tue, 16 Jun 2026 01:56:26 GMT · 2h 12m ago
Where
NEW DELHI ·
Why
The new WPI series replaces the 2011-12 base year series, and PPIs were introduced to better reflect price movement, in line with practices adopted by advanced economies and IMF recommendations.
The Frontline Impact

How this affects you

The introduction of the new WPI and PPI series indicates a significant overhaul in how India measures inflation, aligning its methodologies with global standards to provide a more accurate picture of price movements. The reported surge in WPI inflation to 9.7% in May, driven by energy prices, highlights growing inflationary pressures that could impact businesses and consumers.

Story chain

4 events in this thread
  1. Economics36m ago
    India's wholesale prices increased by 6.60% between February 2026 and May 2026, with the fuel and power category accounting for half of this inflation.
    Open article
  2. Economics2h 12m ago
    The government on Monday unveiled a revised series of the Wholesale Price Index (WPI) with 2022-23 as the base year and simultaneously introduced new Producer Price Indices (PPIs).
    Open article
  3. Currently Reading2h 12m ago
    The Indian government unveiled a revised series of the Wholesale Price Index (WPI) with 2022-23 as the base year and introduced new Producer Price Indices (PPIs), reporting that WPI inflation surged to 9.7% year-on-year in May 2026.
  4. Economics3h 28m ago
    India’s wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April due to high prices of crude oil and manufactured products.
    Open article

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