The government has updated base years and methodologies for major economic indicators including GDP, the Consumer Price Index and the Index of Industrial Production.
The Ministry of Statistics and Programme Implementation released a new GDP series in February with a base year of 2022-23. It also issued an updated Consumer Price Index series that month with a 2024 base year and revised item weights.
In early June the ministry published a revised Index of Industrial Production using the 2022-23 base. Data collection methods for the index were strengthened to improve accuracy.
The Ministry of Commerce and Industry released an updated Wholesale Price Index series on Monday. It also introduced a new Producer Price Index intended to replace the Wholesale Price Index within five years.
