India Updates Inflation Metrics: WPI Shifts Base Year to 2022-23 and Introduces PPI
In a landmark move aimed at refining India’s economic data accuracy and aligning national statistics with global benchmarks, the Government of India has officially announced the transition of the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23. Accompanying this significant structural overhaul is the much-anticipated release of the Producer Price Index (PPI), a…
