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How to Measure Inflation in India?

Publication date

Jan, 2010

Details

Report submitted to the Ministry of Finance, Government of India

Authors

Ajay Shah, Ila Patnaik, Giovanni Veronese

Abstract

The study addresses those issues which inflation measures best capture in the inflation dynamics in India as well as the measure which is most relevant for monetary policy making in India. It explores questions of timeliness, weights in the price index, accuracy of food price measurement, and the relevance of services prices for measuring inflation in India.

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