June 28, 2019

The Government of India has decided to constitute a Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12).


  • Chairman of the Working Group: Ramesh Chand (Member, NitiAayog). 

  • Nodal office: The Office of Economic Adviser, Department for Promotion of Industry & Internal Trade will be the nodal office for the Working Group and will process the report / recommendation of the Group for further necessary action. 

  • Need of revision of WPI: The current series of Wholesale Price Index (WPI) with 2011-12 as base year was introduced in May 2017. Since 2011-12, significant structural changes have taken place in the economy. 

  • The Terms of Reference of the Working Group are: 
    • To select the most appropriate Base Year for the preparation of a new official series of Index Numbers of WPI and Producer Price Index (PPI) in India. 

    • To review commodity basket of the current series of WPI. 

    • To review the existing system of price collection in particular for manufacturing sector. 

Source : PIB