India: wholesale price index of tires and tubes 2022

In fiscal year 2022, the Wholesale Price Index for tires and tubes was 104, indicating that the prices for these commodities increased by four percent from the base year of 2012. One of the reasons for the decrease in wholesale prices for tires and tubes was the reduced scheduled rate of Goods and Services Tax (GST) levied on the purchase or sale of tire and tube commodities that year.

Wholesale Price Index of tires and tubes across India from financial year 2013 to 2022

Characteristic	Wholesale Price Index
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Release date

July 2022

More information

Region

India

Survey time period

FY 2013 to FY 2022

Special properties

Base year FY 2012 = 100

Supplementary notes

Data also includes retreading and rebuilding of rubber tires.

The Wholesale Price Index or WPI determines the price of wholesale goods, focusing on trade between corporations rather than goods bought by consumers. WPI monitors the movements of supply and demand in industry, manufacturing and construction.

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

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