Press Information Bureau

Government of India

Ministry of Finance

29-November-2012 17:56 IST

The Government is considering to develop a Producer Price Index (PPI) which will reflect price movement at the producer’s level as proposed by Governor, RBI.

The Office of the Economic Adviser, Department of Industrial Policy and Promotion has already constituted a Working Group under the Chairmanship of Dr. Saumitra Chaudhury, Member, Planning Commission on 19th March, 2012 to consider issues relating to the compilation of Producers Price Index together with the revision of base of the current series of Wholesale Price Index.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.

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DSM/RS/ka

 

Producer Price Index development to reflect producer-level price movements; Working Group to design compilation and revise WPI base. Development of a Producer Price Index (PPI) is being considered to measure price movement at the producer level. A Working Group convened by the Office of the Economic Adviser, Department of Industrial Policy and Promotion and chaired by Dr. Saumitra Chaudhury has been tasked to examine compilation issues for the PPI and to consider revision of the base of the current Wholesale Price Index.