Bangladesh, Aug. 19 -- Preparation is afoot to rebase four key macroeconomic indicators for better reflecting changes in the structure of Bangladesh's economy with upgraded quality of official data, officials say.

Advertisement Bangladesh Bureau of Statistics or BBS has planned to rebase the Consumer Price Index (CPI), Producer Price Index (PPI), Wage Rate Index (WRI) and Index of Industrial Production (IIP) under its Statistical Capacity Enhancement and Modernisation Project.

People familiar with the matter have said the economy has diversified significantly in recent years, with new products, industries and services making larger contributions to economic activity.

They said that updating the indicators would make them more represen...