Early warnings of inflation in India

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

Working Papers from National Institute of Public Finance and Policy

Abstract: 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. We apply standard seasonal adjustment procedures in order to obtain a point-on-point seasonally adjusted monthly time-series of inflation in India. In three interesting high inflation episodes { 1994-95, 2007 and 2008 - we find that this data yields a faster and better understanding of inflationary pressures.

Pages: 24
Date: 2008-08
New Economics Papers: this item is included in nep-cwa, nep-mac and nep-mon
Note: Working Paper 54, 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.nipfp.org.in/working_paper/wp_2008_54.pdf (application/pdf)

Related works:
Working Paper: Early Warnings of Inflation in India (2008)
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:08/54

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 ).