New Wholesale Price Index - WPI - From Today
A new Wholesale Price Index (WPI) with 2004-05 as its base is to be released today. Simultaneously, the release of the current series of WPI with 1993-94 as its base will be discontinued.
Some of the important items included in the new series basket are Flowers, Lemon and Crude Petroleum in Primary Articles and Ice cream, Canned Meat, Palm oil, Readymade/instant food powder, Mineral water, Computer stationary, Leather Products, Scooter / Motorcycle tyre, Polymers, Petrochemical intermediates, Granites, Marbles, Gold and Silver, Construction Machinery, Refrigerators, Computers, Dish Antenna, Transformer, Microwave oven, Communication equipments (telephone instruments), TV sets, VCD, Washing machine and auto parts in Manufactured Products.
Commerce and Industry Minister Anand Sharma is holding a Press Conference today to explain the new WPI.