The government is likely to clear tomorrow a proposal for release of data on monthly basis instead of weekly basis for bulk of the items tracked by the Wholesale Price Index, WPI.
Sources in the Commerce and Industry Ministry said, if the proposal is approved by the Cabinet Committee on Economic Affairs ,CCEA, the shift in data release would take place from December. In the first phase, data in respect of only manufactured items, which have a weightage of 63.75 per cent on the WPI, would be released on the monthly basis. On a parallel track, weekly figures for the food articles and fuels would continue to be released.
Our correspondent reports that Planning Commission Deputy Chairman Montek Singh Ahluwalia had also pressed for monthly release of data following the international practices on data release.