Government revises the base year of Wholesale Price Index (WPI)

  • On August 4, 2017, in a written reply to a question in Lok Sabha, Arjun Ram Meghwal, Minister of State for Finance and Corporate Affairs stated that Government has revised the base year of All-India Wholesale Price Index (WPI) from 2004-05 to 2011-12.
  • In the revised series, WPI will continue to constitute three Major Groups namely Primary Articles, Fuel & Power and Manufactured Products.
  • The new series has 697 items as compared to 676 items in old series.
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