Early Warnings of Inflation in India
Ila Patnaik () and
Working Papers from eSocialSciences
In India, year-on-year percentage changes of price indexes are widely used as the measure of inflation. In terms of monthly data, each observation of a one-year change in inflation is the sum of twelve one-month changes. This suggests that better information about inflationary pressures can be obtained using point-on-point monthly changes. This requires seasonal adjustment. Standard seasonal adjustment procedures are applied in order to obtain a point-on-point seasonally adjusted monthly time-series of inflation in India. [NIPFP WP No. 54].
Keywords: percentage changes; price indexes; inflation; inflationary pressures; time series; India; seasonal adjustment; standard; monthly data; research; whole; WPI; economic survey; point on point; POP; methodology; dummy variable regrssion; robust; ARIMA; autocorrelation function; ACF (search for similar items in EconPapers)
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Working Paper: Early warnings of inflation in India (2008)
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