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Government updates its price measurement system: WPI base year changed to 2022-23 and new producer price indices launched
India revises WPI base year from 2011-12 to 2022-23 and introduces new Producer Price Indices including Output PPI, Input PPI, and Service PPI for seven sectors, offering more accurate inflation measurement aligned with global standards.
India revises WPI base year from 2011-12 to 2022-23 and introduces new Producer Price Indices including Output PPI, Input PPI, and Service PPI for seven sectors, offering more accurate inflation measurement aligned with global standards.
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