India to Launch Producer Price Index for First Time
India plans to introduce a Producer Price Index that will track price changes at the producer level. The new measure is intended to bring domestic statistics in line with practices used in many other economies.
deadline.comIndia will introduce a Producer Price Index for the first time, according to reporting by @business. The index will measure average changes in selling prices received by domestic producers for their output. Officials said the move is intended to align Indian statistics with methods used in most advanced economies.
The new Producer Price Index will focus on prices received by producers rather than wholesale transactions.
No specific launch date was provided in the report.
The change is described as a step toward updating the country's statistical framework.
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