About Core inflation (inflation in the price index excluding food, fuel and other volatile components) has been viewed by many as the better measure of inflation for monetary policy purposes. This is because food and fuel price shocks are transitory …
About Base effect refers to the impact of the rise in price level in the previous year over the corresponding rise in price levels in the current year. For example: While calculating inflation, if the price index had risen at …
About CPI Consumer Price Index is an index which measures the weighted average of prices of a basket of consumer goods and services such as transportation, food and medical care. It is calculated by measuring price changes for each item …