RBI's Mohanty bemoans inflation measures
The divergence between alternative inflation measures complicates the conduct of monetary policy in India, Deepak Mohanty, an executive director at the Reserve Bank of India, has said.
Mohanty noted on 9 January that determining when to use a core inflation measure versus an overall inflation measure remains a complex issue. "In the Indian context, the derivation of core inflation by exclusion of food and energy from CPI/WPI discards a substantial portion of the commodity basket. So the price
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