India's Wholesale Price Index (WPI) was rejigged with a 2022-23 base year and refined methodology, using ‘gross value of output’ for closer reflection of production-level prices. A new Producer Price Index (PPI) was also launched, set to enhance inflation measurement accuracy. Despite these improvements in data tracking, India grapples with significant price pressures. WPI inflation neared double digits, and retail inflation is high, exacerbated by global conflicts and monsoon shortfalls. The text suggests this period of price instability could be more than transitory, highlighting persistent economic challenges despite new, more precise measurement tools.