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Government Revises WPI Base Year

  • 03 Jun 2026

Recently, the Government approved revision of the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23 and announced the introduction of Producer Price Indices (PPIs) to modernise India’s price measurement framework.

Key Points

  • Base Year Revision: The WPI base year has been updated from 2011-12 to 2022-23 to better reflect current economic conditions.
  • New Indices Introduced: The government will launch the Output Producer Price Index (OPPI), Trial Input Producer Price Index (IPPI), and Service Producer Price Index (Service PPI).
  • Release Authority: The indices will be released by the Office of Economic Adviser under the Department for Promotion of Industry and Internal Trade (DPIIT).
  • International Alignment: The transition towards PPI aligns India’s statistical framework with international best practices and recommendations of the International Monetary Fund (IMF).
  • Expanded Coverage: The number of commodities covered under WPI has increased from 697 to 957 items.