Patnaik, Anuradha <br/><br/>
Should the RBI target only on the core inflation? 

 - Economic & Political Weekly   
 - 60(32), Aug 9, 2025: p.9-16 
<br/><br/> Whether the Reserve Bank of India should target inflation excluding food prices is empirically evaluated. Using monthly data on year-on-year headline inflation, food inflation and core inflation from January 2014 to January 2024, the article assesses the exact nature of food inflation in India and tests if second-round effects of food inflation exist. The empirical results reveal that food inflation is persistent in India and its volatility spills over to core inflation. The core inflation converges with the headline inflation and so significant second-round effects exist. – Reproduced <br/><br/>https://www.epw.in/journal/2025/32/commentary/should-rbi-target-only-core-inflation.html<br/>