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India overhauls inflation framework with new Producer Price Index, revised WPI
India is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to align with global standards and better capture price trends. The revised WPI will cover more commodities and include renewable energy. New Producer Price Indices for goods and services will also be rolled out.
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economictimes.indiatimes.com
India to unveil broader gauge for inflation in data revamp
India is introducing a Producer Price Index for the first time. This new measure will track prices received by producers of goods and services. It aims to provide a more…
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thehindubusinessline.com
India to launch Producer Price Index for measuring inflation in data revamp
The new index, to be unveiled by the Ministry of Commerce and Industry Tuesday, will sit alongside the Wholesale Price Index, which is India’s longstanding measure of…
