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Informist, Monday, Jun. 15, 2026

 

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--India May output Producer Price Index inflation 9.38% vs 8.06% Apr 
--CONTEXT: Govt releases revised WPI, new PPI series with FY23 base year 
--India May output Producer Price Index 109.6 vs 108.6 Apr 
--India FY26 output Producer Price inflation 0.69% vs 1.71% FY25 
--India May mfg sector input Producer Price Index 104.9 vs 104.9 Apr 
--India Q4 securities transaction service PPI 91.7 vs 89.2 Q3 
--India Q4 banking services PPI 100.9 vs 102.2 Q3 
--India Q4 banking contribution services PPI 129.7 vs 132.0 Q3 
--India Q4 insurance services PPI 102.8 vs 102.0 Q3 

 

NEW DELHI – The government Monday released India's first ever Producer Price Indices to track factory gate prices for output and input prices, and also the services sector. The new output PPI, which will eventually replace the WPI, showed close tracked wholesale price inflation, data showed.

 

The output producer price index inflation was 9.38% in May, higher than 8.06% in April and the highest in the new series, which has data since April 2023. WPI inflation, which also has been revised with 2022-23 (Apr-Mar) as the base year, rose to 9.68% in May from 8.26% in April.

 

On a sequential basis, the all commodities index of WPI rose 1.0% in May. The all commodities index of output PPI rose 0.9% on month in May.

 

On average, the difference in WPI inflation and output PPI inflation was 8 basis points between April 2024 and May, the time period for which data in the new series is available. 

 

In FY26, output producer price inflation averaged 0.69%, slightly higher than the WPI inflation of 0.40%, data showed. WPI inflation, however, was a tad higher in FY25 at 1.74% than output PPI inflation of 1.71%.

 

The government will do away with the WPI five years from now and replace it completely with the output Producer Price Index, the Department for Promotion of Industry and Internal Trade has said. The revised WPI and Producer Price Indices will help provide a more accurate picture of factory-gate prices in the country. 

"Considering the wide usage of WPI in price escalation clauses, this index will be released for five years from the date of release of the revised series along with PPI and will be discontinued thereafter," the department had said earlier this month. "This would give sufficient time to users to switch from WPI to PPI." The transition from WPI to PPI will be in alignment with practices adopted by advanced economies and the recommendations of the International Monetary Fund.  End

 

Reported by Shubham Rana

Edited by Avishek Dutta

 

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