States have similar inflation but divergent trajectories of growth | Prof. Vidya Mahambare writes for LiveMint

Prof. Vidya Mahambare has co-authored an article with Praveen Kumar [Alumni from PGDM Co '18] titled 'States have similar inflation but divergent trajectories of growth' which has been published by LiveMint both online and print.

The article talks about how the CPI [Consumer Price Index] provides information on movement over time compared to its base year. Currently, the CPI base year is 2012, which means that the cumulative rise in the price level is as compared with its 2012 level in each state.

The category of food and beverages is the largest component in the CPI. Kerala's CPI has the lowest weightage for it, while Bihar has the highest share spent on food and beverages. In this category, Kerala has seen the highest increase in price levels since 2011-12, while Haryana has seen the lowest.