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Retail inflation since Dec 2020 higher than govt figures: SBI


Retail inflation since Dec 2020 higher than govt figures: SBI
SBI recommended urgent fuel price cut through tax rationalisation, otherwise consumers non discretionary spending will continue to get distorted and impart an upward bias in inflation
BusinessToday.In | May 17, 2021 | Updated 18:22 IST
A report by SBI Research has claimed that the Consumer Price Index (CPI) computed inflation since December last year is higher than the figures reported by government s Central Statistics Organisation (CSO).
The research desk said that it re-estimated the CPI inflation since April 2020 by using monthly credit card spends of SBI credit cards of a sufficiently large sample of customers . The exercise was carried out in the backdrop of apprehensions that CSO s inflation numbers for April 2021 were based on approximation at best , and to account for changing behavioural habits at all levels. ....

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