Analyzing the CPI and WPI for a Given Estimation to Develop a Model Based om Multivariate Integration Approach to Apply Co-Integration and Causality Analysis in Enhancing an Efficacious Inflation Forecasting
Nishita Lamba
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Abstract
The project is mainly concerned with the economic analysis of a news article. I have chosen an
article which is on the divergence in food inflation as shown by CPI and WPI data in the Indian
economy. Before getting to that I have first given a background on CPI and WPI; their
definitions, their differences, comparison etc. Also, it has been shown why India used WPI as a
measure of inflation. The project ends with a conclusion of the article analysis.
Keywords: co-integration; multivariate integration; CPI; WPI