How to Measure inflation in India?
Published By: NIPFP on eSS | Published Date: February, 06 , 2011What is the best inflation measure in India? What inflation measure is most relevant for monetary policy making in India? Questions
of timeliness, weights in the price index, accuracy of food price measurement, and inclusion of services prices are relevant to the choice of
measure. In this papar, the authors show the under present conditions of measurement, the
Consumer Price Index for Industrial Workers (CPI-IW) is preferable
to either the Wholesale Price Index or the GDPdeator. [WorkingPaper2011-83] URL:[http://www.nipfp.org.in/newweb/sites/default/files/wp_2011_83.pdf]
Author(s): Ajay Shah, Ila Patnaik, Giovanni Veronese | Posted on: May 06, 2011 | Views(1452) | Download (210)