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Economics3h 29m 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).

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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 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).
When
Tue, 16 Jun 2026 01:56:26 GMT · 3h 29m ago
Where
NEW DELHI ·
Why
The government introduced new Producer Price Indices (PPIs) and revised the WPI 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 new Producer Price Indices alongside a revised Wholesale Price Index aims to provide a more accurate reflection of price movements within the Indian economy, which currently shows a significant surge in inflation, particularly in energy prices. This transition will require users of WPI-linked contracts to adapt over the next five years.

Story chain

4 events in this thread
  1. Economics1h 54m 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. Currently Reading3h 29m 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).
  3. Economics3h 29m 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.
    Open article
  4. Economics4h 46m 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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