Centre forms working group for base revision of WPI; Niti Aayog's Ramesh Chand to head

Centre forms working group for base revision of WPI; Niti Aayog's Ramesh Chand to head

Daily Current Affairs   /   Centre forms working group for base revision of WPI; Niti Aayog's Ramesh Chand to head

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Category : Miscellaneous Published on: January 06 2025

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  • The Centre announced the constitution of a working group to base the base of the current series of Wholesale Price Index (WPI) from 2011-12 to 2022-23.
  • The central government has appointed Professor Ramesh Chand of the NITI Aayog as the chairman of this group. Apart from them, there are 17 other members in the group.
  • The group will review the commodity basket, price collection system and computational methodology, while recommending a roadmap for the transition from the WPI to the Producer Price Index (PPI).
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