.......After a long time, the RBI was persuaded to refrain from referring to it from its policy statements. Instead it used a more neutral term, namely, ‘non-food manufactured products inflation’. To my horror, in some recent official pronouncements, ‘core inflation’ has raised its ugly head once again — this time in CPI! Maybe it is because it is easy to pronounce unlike the mouth-full ‘non-food manufactured products inflation’! The whole CPI should be treated as core inflation........
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