Govt sets up working group to revise WPI, give roadmap to shift to PPI


NEW DELHI: The government has setup a working group under Niti Aayog member Ramesh Chand to revise the current series of Wholesale Price Index (WPI) with base 2011-12 and a new Producer Price Index (PPI).

The 18-member group may recommend a roadmap for switch over from WPI to PPI, the commerce and industry ministry said in a statement on Thursday.

The group will review the commodity basket of the current series of WPI, suggest changes in commodities and decide on the computational methodology to be adopted for monthly WPI/PPI.


The current series of WPI with 2011-12 as base year was introduced in May 2017. “Since 2011-12, significant structural changes have taken place in the economy,” the ministry said, adding that it has become necessary to examine the coverage of commodities, weighting diagram and related issues pertaining to the existing series of index numbers of WPI.

The group will also select the most appropriate base year for the preparation of a new official series of index numbers of WPI and PPI in India and review the existing system of price collection in particular for manufacturing sector and suggest changes for improvement.

“The Terms of Reference of the Working Group are to examine the existing methodology of compilation of PPI approved by Technical Advisory Committee on series of prices and Cost of Living,” the ministry said.

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