The government approved a proposal to release wholesale prices based inflation data on a monthly basis, instead of every week now, and changed the base year to 2004-05 from 1993-94. However, data on primary and fuel items would continue to be released on weekly basis.
Mr Anand Sharma Commerce and Industry Minister after a meeting of the Cabinet Committee on Economic Affairs said that "The new series of WPI inflation with 2004-05 as base year would be launched soon.”
He said that the government intends to release the new series after November 14. Thus on a consolidated basis, WPI data would come on a monthly basis.
