Focussing the macro-economic indicators in both indices of industrial production (IIP) and Wholesale Price Index (WPI), the Government on Friday launched the new series of WPI and IIP with new base year of 2011-12, a move which is aimed at capturing the structural changes in the country’s economy.
The new series of Government data showed that IIP rose 2.7 per cent in March as against 1.9 per cent in February, while WPI inflation declined to a four-month low of 3.85 per cent in April as compared to 5.29 per cent in the previous month. However, inflation on the Consumer Price Index or CPI, which has already been revised to a new series, declined to 2.99 per cent in April as against 3.81 per cent in the previous month.