Tuesday, September 14, 2010

New WPI base prices announces

Anand Sharma, Union Minister of Commerce and Industry, announced a new serice of Wholesale Price Index (WPI), today.

He announced in New Delhi that the new series has been prepared by shifting the base year from 1993-94 to 2004-05 and added that WPI for the month of August 2010 has been released with base year 2004-05.

The policy makers expect the change in base to improve the accuracy and be more representative of the wholesale price index.

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