Economy
New producer price index set to replace WPI over next five years
What's happening now
The Ministry of Commerce and Industry announced a phased transition from the Wholesale Price Index (WPI) to a Producer Price Index (PPI) over the next five years. The new WPI series, which introduces 2022-23 as the base year replacing 2011-12, will run concurrently with the PPI until it is discontinued.
Source: Economic TimesRead the full story →