However, data on primary food articles and fuel items would continue to be released on weekly basis, the Commerce and Industry Minister Anand Sharma told newspersons after the meeting of the Cabinet Committee on Economic Affairs (CCEA).
“The government intends to release new series of Wholesale Price Index (WPI) based inflation with 2004-05 as base year after November 14,” he said.
“On a consolidated basis, WPI data would come on a monthly basis. The monthly release of WPI is a widely followed international practice. The approval is expected to improve the quality of the WPI,” he said.
A Weekly Price Index for primary articles and commodities in fuel, power, light and lubricant group would facilitate weekly monitoring of the prices of agricultural commodities and petroleum products which are sensitive in nature. The commission cleared this proposal on the basis of recommendations of a working group headed by Abhijit Sen, Member, Planning Commission.
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