.......The absence of supply-side response, which has resulted in lasting change in the prices of commodities, has given a “larger momentum” to wholesale-price inflation than core inflation, he added. “In the Reserve Bank, we need to be mindful of these factors in interpreting the movements in headline and core inflation,” he said, speaking at the statistics day conference in RBI’s Mint Road headquarters in Mumbai. RBI has been projecting core inflation as the primary indicator to decide its policy course, rather than wholesale price inflation............
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