- Measures price changes at the wholesale level.
- Base year is 2022 – 2023 ( previous base year is 2011 – 12).
- Primarily includes manufactured products, fuel, and primary articles. (service sector not included).
- The measurement of the WPI is based on production values.
- Exclude indirect tax.
- Released by the Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade, Union Ministry of Commerce & Industry.
Producer Price Index (PPI)
- It measures the average change in the price a producer receives for his goods/services sold in the domestic market/ exports.
- Two types:
- Output PPI: When goods/ services leave the place of production
- Input PPI: When goods/ services enter the production process.
Source: The Hindu