EconomySaturday, 30 May 2026·The Hindu
Government to replace WPI with Producer Price Index from June 15; new base year 2022-23
India will phase out WPI over five years and introduce a new PPI series from June 15 with base year 2022-23.
Key highlights
Direct fact
On June 15, 2026, the Commerce and Industry Ministry’s DPIIT will release a revised Wholesale Price Index (WPI) series with base year 2022-23 and a new Producer Price Index (PPI) series, marking a five-year transition away from WPI.
Key specifics
- The revised WPI series will replace the existing series with base year 2011-12.
- The new PPI will have 3 indices: Output PPI, Trial Input PPI and Services PPI.
- Services PPI will initially cover 7 services, including Banking, Securities Transaction, Insurance, Pension Funds, Railways, Air (Passenger) and Telecom.
- The WPI basket has increased from 697 items to 957 items in the new series.
- Solar, wind and nuclear electricity have been added, while crude petroleum and natural gas have been shifted to the fuel and power group.
Exam lens
Economy question: WPI base year 2022-23, PPI launch on June 15, 2026, 957 items, 7 services, IMF recommendation — a direct TNPSC concept on inflation indices and price measurement.