Government denies overestimation of retail inflation numbers

Government denies overestimation of retail inflation numbers.

According to a report by The Economic Times (ET), the government has rejected the analysis presented by certain economists who claimed that the retail inflation for January had been overestimated.

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The government has reiterated their confidence in MoSPI’s methods and has dismissed the claims made by the economists.

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The inflation rate is determined by changes in the Consumer Price Index (CPI).

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