Retail inflation forecast for April 2015-Sept 2018 erroneous: RBI Research
Updated : May 06, 2019 09:33 AM IST
According to the report, cross-country studies show higher forecast errors when share of food is high in the CPI (Consumer Price Index).
The case-in-point is the retail inflation projections from April 2015 to September 2018 which had shown two periods of large projection errors associated with unanticipated sharp fall in food inflation, especially in veggies.
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