Opinion | Indian inflation and what the tea leaves have to say in a pandemic
Covid-19’s initial economic shock was on the supply side while its second-round effect is likely to be on demand across India
The bean counters working for the government usually calculate monthly inflation by collecting prices from 1,114 urban markets as well as 1,181 rural markets. The severe lockdown brought about by the covid pandemic meant that the data collectors at the front line could not visit these markets. Also, many items that are part of the consumer price index were not traded at all. No prices were available for them.