The Centre announced India will phase out the Wholesale Price Index (WPI) over five years, replacing it with the Producer Price Index (PPI). The PPI is considered more accurate for measuring producer-level price changes, aligning India with international best practices used in the USA, UK, and Australia. DPIIT (Department for Promotion of Industry and Internal Trade) will implement the change.
Economy
India to Phase Out WPI Over 5 Years, Replace with Producer Price Index (PPI)
Key Points
- The Centre announced India will phase out the Wholesale Price Index (WPI) over five years, replacing it with the Producer Price Index (PPI)
- The PPI is considered more accurate for measuring producer-level price changes, aligning India with international best practices used in the USA, UK, and Australia
- DPIIT (Department for Promotion of Industry and Internal Trade) will implement the change
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📎 Read original source ↗Exam Note
• WPI → PPI transition: announced June 4, 2026; 5-year phase-out • PPI measures price changes received by producers; more internationally aligned • DPIIT (under MoCI) responsible; WPI base year: 2011-12
