The new series of Wholesale Price Index (WPI) for August ,2010 with additional 241 items and change in the base year from 1993-94 to 2004-05.Its few features are :
- WPI will measure a total of 676 items against the existing 435.
- Readymade food, computer stationery, refrigerators, dish antenna, VCD, crude petroleum and computers would also be part of the new series.
- Under the primary article group of the new WPI, there would be 102 items against the existing 98 while the fuel and power category would remain static at 19.
- There is a substantial increase in the number of items in manufactured products. In the new series, there would be 555 items compared to 318 items at the moment, according to the official.
- At the same time, the weight of manufactured products would go up to 64.9 per cent compared to 63.7 per cent while the weight of primary articles group, including food, has come down to 20.1 per cent against existing 22.02 per cent. The data release would accompany inflation numbers with old base year (1993-94) as well for comparison
- The new series of WPI is based on the recommendations of the Working Group headed by Planning Commission member Abhijit Sen.
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