EconPapers    
Economics at your fingertips  
 

How to measure inflation in India?

Ila Patnaik, Ajay Shah () and Giovanni Veronese
Additional contact information
Ajay Shah: National Institute of Public Finance and Policy

Working Papers from National Institute of Public Finance and Policy

Abstract: What 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. We show that under present conditions of measurement, the Consumer Price Index for Industrial Workers (CPI-IW) is preferable to either the Wholesale Price Index or the GDP deflator.

Keywords: Monetary policy; Inflation measure; Statistical system (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Pages: 29
Date: 2011-02
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Note: Working Paper 83, 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.nipfp.org.in/newweb/sites/default/files/wp_2011_83.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:npf:wpaper:11/83

Access Statistics for this paper

More papers in Working Papers from National Institute of Public Finance and Policy
Bibliographic data for series maintained by S.Siva Chidambaram ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-24
Handle: RePEc:npf:wpaper:11/83