Central Government is Considering to Develop A Producer Price Index (PPI) to Reflect Price Movement at the Producer’s Level

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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