New Household Consumption Survey: High time we release new CPI data
New Household Consumption Survey: High time we release new CPI data
Monthly Per Capita Expenditure has increased, which is expected given growth in the Indian economy and incomes. The continuing decline in share of food expenditure – declining to 46 percent in rural areas and to 39 percent in urban areas – has wider implications for India’s macroeconomics and monetary policy. The survey data will eventually feed into the design of the new base year for CPI – pending for a while now. The decline in share of food and rise in share of non-food ensures headline inflation will be less volatile and core inflation will have higher weight
Monthly Per Capita Expenditure has increased, which is expected given growth in the Indian economy and incomes. The continuing decline in share of food expenditure – declining to 46 percent in rural areas and to 39 percent in urban areas – has wider implications for India’s macroeconomics and monetary policy. The survey data will eventually feed into the design of the new base year for CPI – pending for a while now. The decline in share of food and rise in share of non-food ensures headline inflation will be less volatile and core inflation will have higher weight
Monthly Per Capita Expenditure has increased, which is expected given growth in the Indian economy and incomes. The continuing decline in share of food expenditure – declining to 46 percent in rural areas and to 39 percent in urban areas – has wider implications for India’s macroeconomics and monetary policy. The survey data will eventually feed into the design of the new base year for CPI – pending for a while now. The decline in share of food and rise in share of non-food ensures headline inflation will be less volatile and core inflation will have higher weight 
