RBI Working Paper Estimates State-Level Inflation During Covid-19 Gaps
RBI researchers bridge critical data gaps in state-level inflation statistics for April and May of 2020 and 2021 by leveraging household survey data to reconstruct missing CPI-U estimates.
💡 Key Takeaways
- Official state-level inflation data remained unpublished for four months during the 2020 and 2021 pandemic periods.
- The study uses the Inflation Expectations Survey of Households (IESH) to successfully derive reliable state-level CPI-U estimates.
- Aggregated state-level estimates align closely with all-India official CPI inflation series, supporting future research.
📋 Executive Summary
📊 Sentiment Analysis
❓ Frequently Asked Questions
The collection and compilation of official statistics were disrupted by pandemic-related restrictions, leading to a lack of state-wise official inflation data for April and May in both 2020 and 2021.
The authors used granular data from the Inflation Expectations Survey of Households (IESH), specifically focusing on urban consumer inflation perceptions and past realized CPI-U figures to derive the missing estimates.
📰 Source
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