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India introduces PPI for goods and services, begins shift from WPI
India has launched Producer Price Index data for goods and services. This move aims to provide a clearer picture of price changes from a producer's viewpoint. The government plans to phase out Wholesale Price Index numbers within five years. This aligns with international practices and IMF recommendations. The new PPI will offer better insights into inflation experienced by producers.
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economictimes.indiatimes.com
WPI inflation surges to all-time high of 9.7% under new series
India's wholesale inflation hit a record 9.7% in May. This marks the first reading under a new Wholesale Price Index series. Fuel and power prices significantly drove this…
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timesofindia.indiatimes.com
India launches producer price index; wholesale inflation gauge to be phased out in five years
India on Monday released producer price index (PPI) data for goods and services for the first time, paving the way for the gradual replacement of the wholesale price index (WPI),…
