The Indian government has officially transitioned the Wholesale Price Index (WPI) to a new base year of 2022-23, replacing the previous 2011-12 series. Announced this week by the Ministry of Commerce and Industry, the move aims to reflect current consumption patterns and structural shifts in the national economy more accurately. This update also introduces a shift toward compiling the WPI, Output Producer Price Index (PPI), and Service PPI based on
India Overhauls Wholesale Price Index with New 2022-23 Base Year
Photo by Lalmch on Pixabay
