September 28, 2022
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Discussions on to revise WPI base year: DPIIT

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NEW DELHI: Inter-ministerial consultations are progressing on revising the Wholesale Value Index (WPI) base 12 months from 2011-12 to 2017-18, division for promotion of trade and inner commerce (DPIIT) secretary Anurag Jain has stated.
Revising base 12 months to 2017-18 for computation of wholesale inflation would assist in presenting a extra practical image of the value scenario throughout the nation.
The DPIIT in June final 12 months had issued a draft technical report of a working group, which instructed revising the bottom 12 months of the wholesale value index in addition to addition of about 480 new gadgets within the new sequence.

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