Govt revises WPI base year to 2022-23; new Producer Price Indices to launch June 15
The Government of India has approved the revision of the base year of the Wholesale Price Index (WPI) from 2011-12 to 2022-23 and the introduction of new Producer Price Indices (PPIs). Approved on May 25, 2026, the revised series will be released by the Office of the Economic Adviser under DPIIT on June 15, 2026. The revised WPI expands the commodity basket to 957 items (from 697) and incorporates renewable energy sources like solar, wind and nuclear power. WPI will run parallel for five years before being phased out in favour of PPI, aligning with IMF recommendations.
Key Facts & Details
7 points- 1WPI base year revised from 2011-12 to 2022-23.
- 2New Producer Price Indices (PPIs) to be introduced; series releases June 15, 2026.
- 3Revised WPI basket expands to 957 commodities from 697.
- 4Incorporates renewable energy (solar, wind) and nuclear electricity.
- 5Released by the Office of the Economic Adviser, DPIIT; WPI to run parallel for 5 years before phase-out.
Deep Dive
- +The shift to PPI aligns India with practices in the US, EU, UK and Japan, per IMF recommendations.
- +The earlier 2011-12 base year had been in use since 2017.
Exam Focus
What is the new base year for India's Wholesale Price Index, and what new index series is being introduced?
Related Topics
Exam Relevance & Angle
Base-year revisions of key inflation indices are precise, testable economy items, especially for RBI, banking and UPSC exams.
Target Exams
Background & Context
The WPI measures wholesale-level price changes and is compiled by the Office of the Economic Adviser under DPIIT. A Producer Price Index measures price changes from the producer's perspective and is the global standard.
Related GK Concepts
Must KnowTest Yourself
1 / 2The base year of India's Wholesale Price Index (WPI) has been revised to:
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