Government to swap Wholesale Price Index for Producer Price Index

Business Standard reports that the government plans to replace the Wholesale Price Index. The new system will be based on the Producer Price Index. The change aims to update price measurement methodology. Officials intend to adopt the Producer Price Index for economic tracking. The shift reflects a policy decision on price indicators. It may affect how inflation data is reported. Stakeholders will monitor the implementation of the new index. The move signals a reform of statistical practices.