EconomyMonday, 15 June 2026·The Hindu - Economy
Producer Price Index launched in June 2026; India to phase out WPI in 5 years
India released PPI data for goods and services on June 15, 2026, and said WPI will be discontinued after five years.
Key highlights
Direct fact
On June 15, 2026, the Commerce and Industry Ministry released India’s first Producer Price Index (PPI) data for goods and services, with the 2022-23 base year and a plan to discontinue the Wholesale Price Index (WPI) after 5 years.
Key specifics
- All-India Output PPI for May 2026 stood at 109.6, up from 108.6 in April 2026.
- Trial Input PPI for the manufacturing sector in May 2026 was 104.9, published on an experimental basis.
- The revised WPI and PPI series use 2022-23 as the base year and include 957 items.
- Service PPI covered 7 services in phase one: banking, securities transaction, insurance, management of pension funds, railways, air (passenger) and telecom.
- The working group under former NITI Aayog member Ramesh Chand submitted its report in April after being set up on December 30, 2024.
Exam lens
Question type: Economy and indices match-the-following, base year, coverage and institutional role. TNPSC one-liner: PPI is being introduced as a more accurate producer-side price measure, while WPI will be phased out after 5 years.