"Primary articles, fuels pull down inflation " - while reading this headline immediate questions that came to my mind are : How good these numbers are ? How good we are in constructing the index ? Are all components factored in to the index , especially the services components? On top of everything, what is the base we are using to report these numbers?
Unless these questions are apropriately addressed to I don't think our policy makers are doing justice while making monetary policy.
- Naras
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