Producer Price Index (PPI)
The New Framework
PPI measures the average change in prices received by domestic producers for their output at the point of production, aligning India with the price-index framework used by most advanced economies and recommended by the IMF.
- The new revised WPI series and the new PPI series were both launched on 15 June 2026, with base year 2022-23, alongside a provisional back series covering April 2023 to April 2026
- PPI comprises three components: Output PPI (goods), a trial Input PPI (for manufacturing), and a Service PPI covering seven services — Banking, Securities Transaction, Insurance, Management of Pension Funds, Railways, Air (Passenger), and Telecom
- Output PPI and Service PPI are compiled at Basic Price (like WPI), while Input PPI uses Purchaser's Price, since it reflects what industries actually pay for inputs
- WPI and PPI will run in parallel for five years before WPI is discontinued, to allow the transition of legacy contracts and formulas
● Tracked since June 15, 2026 · last seen August 16, 2026 · updates as the daily brief publishes
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