Govt to come out with new inflation index today

Lily

B.R
Staff member
New Delhi September 14:

Consumer items widely used by the middle class like ice-cream, mineral water, flowers, microwave oven, washing machine, gold and silver will be reflected in the new series of WPI inflation to be released today.

The new series of Wholesale Price Index (WPI) for August with additional 241 items and change in the base year from 1993-94 to 2004-05 will be released tomorrow, a senior Commerce and Industry official said here. With these items, the WPI will measure a total of 676 items against existing 435.

"This would give better picture of the price variation," a senior official said today. Readymade food, computer stationary, refrigerators, dish antenna, VCD, crude petroleum and computers would also be part of the new series.

 
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