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Journalism of Courage
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.
“The new series of WPI (Wholesale Price Index) inflation with 2004-05 as base year would be launched soon,” Commerce and Industry Minister Anand Sharma said after a meeting of the Cabinet Committee on Economic Affairs.
The government intends to release the new series after November 14,he said.
Thus,on a consolidated basis,WPI data would come on a monthly basis.
