Madhusudhanan Said:
Not sure what this reduction in inflation means. You go out, and everything seems more expensive than it was last time.
We need to revamp our indices, so that people will be able to understand what the reduction in inflation means to them , rather than a broad feeling that things have become less expensive.
The government may be talking about RTI (Right To Information), but it should also follow this in spirit. The inflation report should be a detailed one with groups, data points itemized in each of the groups, the point of measurement (whether a single data point was considered, which value was considered amongst multiple values, whether a single value was considered or it is an average, median or mode) etc.,
Mathematical jugglery and glib talk should be replaced by presenting clear, proper and concise information in public domain.
Posted On 11/20/2008 3:20:07 PM