India begins shift from WPI; introduces PPI
Synopsis India has launched Producer Price Index data for goods and services. This move aims to provide a clearer picture of price changes from a
Synopsis 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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