India released its Producer Price Index (PPI) data for goods and services

India released its Producer Price Index (PPI) data for goods and services

¨     India released its Producer Price Index (PPI) data for goods and services on 15 June 2026.

¨     The government also launched a revised Wholesale Price Index (WPI) series with 2022-23 as the new base year.

¨     A five-year transition plan has been announced to gradually move towards the Producer Price Index framework.

¨     The Producer Price Index (PPI) measures changes in prices received by producers before goods and services reach final consumers.

India’s new PPI framework consists of three indices

1.     Output PPI

2.     Trial Input PPI

3.     Service PPI

Output PPI measures prices received by domestic producers for their output.Trial Input PPI covers input prices in the manufacturing sector on an experimental basis.

The Service PPI initially covers seven sectors:

¨     Banking

¨     Securities Transactions

¨     Insurance

¨     Management of Pension Funds

¨     Railways

¨     Air Passenger Transport

¨     Telecommunications (Telecom)

The Service PPI will be released on a quarterly basis.The revised Wholesale Price Index (WPI) has changed its base year from 2011-12 to 2022-23.The number of items in the WPI basket has increased from 697 to 957.The revised basket includes new energy sources such as solar and wind energy.The introduction of PPI is expected to provide a more comprehensive measure of producer-level inflation and improve the assessment of price movements across goods and services in the economy.