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Centre to Revamp WPI and IIP, Launch New Producer Price Index
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Centre to Revamp WPI and IIP, Launch New Producer Price Index

The Central Government has announced a comprehensive update of key economic indicators, including the Wholesale Price Index (WPI), Index of Industrial Production (IIP), and the introduction of a new Producer Price Index (PPI), all aligned to the 2022-23 base year. This initiative aims to make inflation measurement and industrial output data more reflective of the...