Food vs core inflation: No, governor Das doesn’t need a new handbook for RBI’s interest rate policy
The Survey resurrected the spectre of core versus headline inflation, a distinction that had been largely laid to rest after the Urjit Patel committee’s recommendation of inflation targeting was accepted and the RBI Act was amended in 2016. However, in this month’s bulletin, RBI’s researchers, led by deputy governor Michael Patra, presented a paper titled…
