Government updates base year for India's Wholesale Price Index to reflect current economic structure and consumption patterns.
The Ministry of Commerce and Industry announced revision of the WPI base year from 2011-12 to 2023-24 on 04 June 2026 to align with contemporary economic realities.
|
Term |
Detail |
|
New WPI Base Year |
2023-24 (revised from 2011-12) |
|
WPI Compiled By |
Office of Economic Adviser, Ministry of Commerce |
|
Release Frequency |
Monthly, around 14th of each month |
|
WPI Components |
Primary Articles, Fuel & Power, Manufactured Products |
|
CPI Base Year |
2012 (for retail inflation) |
|
Revision Purpose |
Reflect structural economic changes and new consumption patterns |
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