How to Measure Inflation in India?
Publication dateJan, 2010
DetailsReport submitted to the Ministry of Finance, Government of India
AuthorsAjay Shah, Ila Patnaik, Giovanni Veronese
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.