.....To be sure, RBI has always maintained that it looks at all the price statistics including WPI, consumer price index (CPI) and GDP deflator. However, for all practical purposes, WPI has drawn more attention since better timeliness and availability of disaggregated data allow deeper analysis of inflation trends, a point that RBI Executive Director Deepak Mohanty had alluded to in a speech in 2010 (Measures of Inflation in India: Issues and Perspectives)..........
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