WPI Base Year Revised to 2022–23 and Introduction of Producer Price Index (PPI)
Economy & Banking
The Department for Promotion of Industry and Internal Trade (DPIIT) has revised the base year of the Wholesale Price Index (WPI) from 2011–12 to 2022–23 and announced the introduction of the Producer Price Index (PPI), marking a major reform in India's inflation measurement framework.
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