Editorial -- Inflation -- A heat
Inflation in the Indian context is just another instance of an economic jargon at work. It has no real meaning unlike in the developed countries, where it is an active macro-economic growth indicator.

Old wine in a new bottle
The Indian economy is now in the tenth year of the reforms era and still macro growth indicators are based on an archaic base year. In an effort to provide a realistic picture of the actual happenings in the economy.

a new look
1993-94 revised WPI series -- WPI is the most popularly used price index in India. It is general in nature and captures price movements in a comprehensive way.

Inflation control: a must
Inflation in India is still by and large regarded as a redundant indicator of growth and its use is mainly politically motivated. Unlike in the developed countries even a point increase or decrease in the inflation rate sends alarm bells ringing and the head of state is answerable.

The myth of control
In India, governments make inflation control a main plank of their election campaigns. So, manipulating figures to project a rosy picture comes easy to them.

Interview -- It is a legacy problem
Inflation is a very powerful tool of monetary policy.With India integrating with the world economy it s importance is relevant today. Riyaz Khan, economist with the Centre for Monitoring Indian Economy expresses his view to Jayashree Jakhade of Financial Express Think Tank.

Rural or urban inflation?
Today inflation is at its lowest ever level in India in the past two decades. It has been stagnant ever since the Budget announcement.

Interview -- The series should be revised at least once in ten years
Inflation is a very important tool to gauge a nation’s growth. Quite often it is argued that inflation is a root cause of all evil but it is primarily a very powerful monetary tool.

Interview -- Inflation expands the deficit and government expenditure
Inflation control in India is top most priority. Many economists have argued about ts importance and a debate is on to establish its relevance in judging performance of other economic variables.