Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
Published By: Reserve Bank of India (RBI) | Published Date: March, 01 , 2017This paper provides a comparative assessment of CPI and WPI in terms of its key characteristics, particularly on the method of compilation, distributional properties and measures of underlying inflation. The paper further attempts a full reconciliation of inflation divergence between CPIs and WPI with particular
emphasis on 2015-16. The analysis shows that differences in weight for similar
items as well as differences in composition played a crucial role in determining
the level and duration of observed divergence between the retail and wholesale
prices inflation.
Author(s): Praggya Das, Asish Thomas George | Posted on: Aug 04, 2017 | Views() | Download (447)