WPI

The revised WPI expands the basket from 697 to 957 items, and improves the methodology to prepare weightings by using gross value of output instead of net traded value

The new PPI framework is being built on supply and use tables, which officials said makes it more consistent with national accounts and reduces double counting

The government will gradually phase out the Wholesale Price Index (WPI) and introduce a detailed Producer Price Index (PPI) covering output, input and services prices, in a bid to offer a more realistic assessment of inflationary trends in the economy. Addressing media on the subject, Praveen Mahto, Principal Economic Adviser in the Commerce and Industry Ministry, also said that the Department for Promotion of Industry and Internal Trade (DPIIT) will release the revised series of WPI with new base year 2022-23 on June 15, which would replace the existing series with base year 2011-12. In addition, the department would release a new series of Output Producer Price Index (OPPI), Trial Input Producer Price Index (IPPI), and Service Producer Price Index (Service PPI) of seven services - Banking, Securities Transaction, Insurance, Management of Pension Funds, Railways, Air (Passenger), and Telecom with base year 2022-23 on June 15. "Considering the wide usage of WPI in price escalation .

The revised wholesale price index will adopt 2022-23 as the base year, while the Producer Price Index is set to be introduced as a new inflation measure

Sharp rise in fuel and energy prices amid the West Asia crisis pushes wholesale inflation to its highest level since October 2022

The fuel and power category recorded the highest inflation among major groups at 24.71 per cent in April, compared with 1.05 per cent in March

Drug pricing regulator permits marginal MRP increase for NLEM medicines in line with wholesale price index, offering relief to manufacturers facing higher costs

Committee asks DPIIT to align WPI with revised GDP, CPI and IIP series, and roll out producer price indices to improve price measurement and data accuracy

Factory-gate inflation rises to an 11-month high in February, driven by higher prices of primary goods and manufactured products, while fuel and power remain in deflation

If global crude averages $110-115 per barrel in FY27, India's net oil imports could rise by $56-64 billion annually, worsening the current account deficit and fuelling inflation

Under previous methods, low nominal ‌GDP growth alongside low wholesale inflation created discrepancies by translating into higher real growth rates

India's wholesale price inflation rose to an eight-month high of 0.83 per cent in December, ending a two-month deflationary spell as food prices stabilised and core inflation firmed up

November 2025 WPI-based inflation: The negative rate of inflation in November is primarily due to a decrease in prices of food articles, mineral oils, crude petroleum and natural gas

October 2025 WPI-based inflation: The negative rate of inflation is primarily due to a decrease in prices of food articles, crude petroleum & natural gas, electricity, and mineral oils

This moderation was led by a fall in the prices of primary articles (-3.32 per cent) and the continued deflationary trend in the fuel and power segment

September 2025 WPI-based inflation: The positive rate of inflation in September is primarily due to an increase in prices of manufacturing of food products

Primary food articles recorded a reduced deflation in August, led by an acceleration in the prices of wheat, milk and protein-rich items like egg, meat & fish

August 2025 WPI-based inflation: The positive rate of inflation in August is primarily due to an increase in the prices of food products

The negative rate of inflation in July is primarily due to a decrease in prices of food articles, mineral oils, crude petroleum and natural gas, manufacture of basic metals

Wholesale price inflation (WPI) stayed in negative territory for the second consecutive month at (-) 0.58 per cent in July, as prices of food articles and fuel saw deflation, even though prices of manufactured items increased, government data showed on Thursday. WPI-based inflation was (-) 0.13 per cent in June. It was 2.10 per cent in July last year. "Negative rate of inflation in July, 2025 is primarily due to decrease in prices of food articles, mineral oils, crude petroleum & natural gas, manufacture of basic metals etc," the industry ministry said in a statement. As per WPI data, food articles saw a deflation of 6.29 per cent in July, as against a deflation of 3.75 per cent in June, with vegetables witnessing a sharp drop. Deflation in vegetables was 28.96 per cent in July, compared to 22.65 per cent in June. In the case of manufactured products, inflation was higher at 2.05 per cent in July, as against 1.97 per cent in the month before. Fuel and power saw a negative ...