Govt releases producer price index data; to replace WPI in 5 years
The Indian government has introduced the Producer Price Index (PPI) for goods and services to eventually replace the Wholesale Price Index (WPI). This transition aligns India with international standards recommended by the IMF to better track inflation at the producer level.
Why it matters
Updating inflation tracking metrics provides a more accurate reflection of economic health and price movements, which is critical for monetary policy and industrial planning.
The government on Monday (June 15, 2026) came out with Producer Price Index (PPI) data for both goods and services for the first time to better reflect price movement, paving the way for phasing out wholesale price inflation numbers in the next five years.
The report is a straightforward summary of government policy changes and economic data releases.
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