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Showing posts from November, 2021

Escalation - Part 2

The second part to "Escalation" is being posted a little over 2 years after the first post, so in case you'd want to refresh on part one, please find appended the link: Escalation - Part 1 The second method is based on PAN India details, basically the RBI's Wholesale Price Indices. Firstly, RBI stands for Reserve Bank of India, the RBI as part of inflation control and monitoring has set up an index, called the Wholesale Price Index (WPI), which provides a means to monitor an increase/decrease in commodity prices. It is a very exhaustive list and covers all most all commodities in circulation within India and some export commodities as well. The WPI essentially tracks the commodities with respect to a clear baseline. This baseline is always indicated at the top of the monthly bulletin/circular, which is published on the RBI website, appended is a link to one such bulletin: https://www.rbi.org.in It would also be nice to note that by using this method of calculation bot...