Inflation concerns

The sharp acceleration in inflation shows RBI’s critics were wrong

Published19 Nov 2017, 11:54 PM IST

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There’s no doubt RBI needs to sharpen its inflation forecasting model. But the argument that it should change policy direction based on the latest announced inflation number is based on a misunderstanding of the inflation-targeting concept. Photo: Bloomberg — There's no doubt RBI needs to sharpen its inflation forecasting model. But the argument that it should change policy direction based on the latest announced inflation number is based on a misunderstanding of the inflation-targeting concept. Photo: Bloomberg(Bloomberg)

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