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03Jun 2026

India Shifts Towards Producer Price Index Framework

India Shifts Towards Producer Price Index Framework Why in the News ? The Government of India has decided to gradually replace the Wholesale Price Index (WPI) with a Producer Price Index (PPI) system. The move aims to modernize India’s inflation measurement framework, improve price tracking, and align with international statistical standards, similar to how environmental …

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13Feb 2026

CPI Base Year 2024 Revision Explained

CPI Base Year Revision Syllabus GS 3: Inflation Why in the News? Recently, India updated the Consumer Price Index base year from 2012 to 2024 using new consumption survey data to better reflect changing spending patterns and improve inflation measurement accuracy, similar to how environmental clearances are periodically reviewed to ensure relevance. Introduction Inflation affects …

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