Wednesday, February 15, 2012

Weighing the better inflation measure

There’s a new consumer price index on the way, but monetary policy requires various other inputs, too

When the Reserve Bank of India (RBI) unveils its monetary policy review and the finance minister tables the Union Budget 2012-13 in Parliament next month, they would have one more set of inflation numbers to base their policies on. For the first time, India would come out with consumer price index (CPI)-based inflation data from February 21.............

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