PRESS RELEASE ON NEW SERIES OF WHOLESALE PRICE INDEX, AND PRODUCER PRICE INDICES WITH BASE YEAR 2022-23

• Office of the Economic Adviser, DPIIT (Ministry of Commerce & Industry) has released the revised Wholesale Price Index (WPI) with base year 2022-23, replacing the 2011-12 series.
• Alongside WPI, three new Producer Price Indices have been launched — Output PPI (OPPI), Trial Input PPI (IPPI), and Service PPI — signalling India's planned transition from WPI to PPI in line with IMF best practice.
• Important for Prelims (price indices, ministries) and GS-III Mains (inflation measurement, statistical reforms).