WPI or CPI: Which inflation number should an individual look at - Moneylife

WPI or CPI: Which inflation number should an individual look at - Moneylife

A very interesting and informative article. I agree with the author's view put forth crisply asunder:
"Often we complain that the falling inflation number has no substantial impact on our life. This happens because of different consumption patterns that many of us have with these inflation indexes. Fighting inflation also requires homework from each individual which requires gauging of inflation at the individual level."
In India, time has come to look at impact of inflation on different groups of people and in different geographical areas. Yes, we have to look at the problem of those who have to opt between buying water or milk, those who have to choose between food and shelter or those who have to go hungry to buy dress or books for their children. I agree, many who read this may not find such situations around them. But India lives elsewhere.

M G Warrier

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