RBI Working Paper No. 01/2026: Data Gaps in State-Level Inflation: An Assessment for the Covid Period
Today the Reserve Bank of India placed on its website a Working Paper titled, “ Data Gaps in State-Level Inflation: An Assessment for the Covid Period ” under the Reserve Bank of India Working Paper Series 1 . The paper is co-authored by Purnima Shaw and R. K. Sinha. The collection and compilation of official statistics was affected during the outbreak of Covid-19 pandemic due to the resulting…
The Reserve Bank of India (RBI) has released a working paper titled "Data Gaps in State-Level Inflation: An Assessment for the Covid Period," co-authored by Purnima Shaw and R. K. Sinha. The paper highlights the challenges faced during the Covid-19 pandemic in collecting and compiling official statistics, particularly in deriving state-wise inflation figures.
The authors utilized RBI's Inflation Expectations Survey of Households (IESH) data to estimate state-wise consumer price index (CPI-U) inflation for four pandemic months, April and May 2020, and April and May 2021. These estimates closely align with the all-India official CPI inflation series, demonstrating the importance of state-level inflation data in the current inflation targeting regime.
The paper emphasizes the value of such estimates for future research on state-level inflation time-series data.
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