RBI economists hunt for suitable core inflation measure


“Exclusion-based” metrics may be the best way of measuring core inflation, research published by the Reserve Bank of India finds.

RBI economists Janak Raj, Sangita Misra, Asish Thomas George and Joice John say it is hard to find a measure of core inflation that achieves all desirable properties. The authors test 11 possible measures – six that exclude volatile components of the inflation calculation basket, and five statistical methods that remove outliers.

They test each for seven desirable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: