RBI Working Paper Flags Data Gaps in State-Level Inflation During Covid

The Reserve Bank of India published a working paper assessing data gaps in state-level inflation during the Covid period, noting that imputed price indices were released at the aggregate level for April and May 2020, but state-wise official inflation data were affected. The paper highlights potential measurement issues in inflation statistics, which could have implications for policy analysis and market expectations. The findings are preliminary and based on official data limitations.