Government affirms its number, says no 'overestimation' in retail inflation

A number of economists had pointed out that January's retail inflation data may have been overestimated by 23 basis points owing to a variation in the price index for cereals

The government has dismissed the analysis presented by some economists that retail inflation for January had been "overestimated". The government has reiterated that Ministry of Statistics and Programme Implementation (MoSPI) data is okay and there is no overestimation, The Economic Times (ET) said in its report.

 

Several economists have pointed