RBA bulletin considers Indian inflation measures
RBI could adopt a CPI inflation target
An article published by the Reserve Bank of Australia (RBA) last week analyses the difference between the two main price indicators in India – the wholesale price index (WPI) and the consumer price index (CPI) – at a time when the Reserve Bank of India (RBI) is moving towards the latter.
Graham White, author of the research, notes the WPI – the RBI's preferred measure in the past – predominantly measures the prices received by producers of goods, while CPI measures the prices facing consumers.
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