Discussions on to revise WPI base year: DPIIT

NEW DELHI: Inter-ministerial consultations are progressing on revising the Wholesale Price Index (WPI) base year from 2011-12 to 2017-18, department for promotion of industry and internal trade (DPIIT) secretary Anurag Jain has said.
Revising base year to 2017-18 for computation of wholesale inflation would help in presenting a more realistic picture of the price situation across the country.
The DPIIT in June last year had issued a draft technical report of a working group, which suggested revising the base year of the wholesale price index as well as addition of about 480 new items in the new series.

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