Opinion | India needs more accurate inflation measurement4 min read . Updated: 22 Feb 2019, 12:53 AM IST
A better and more realistic measure than the current headline inflation is needed to improve monetary policy
Inflation dynamics are complex and depend to a large extent on expectations of inflation. Central banks the world over, including the Reserve Bank of India (RBI), factor in such inflationary expectations when carrying out inflation assessment for purposes of monetary policy formulation.
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