Inflation Index Modifications and Expediency of Their Application for Georgia
GFSIS, Expert Opinion, No. 77, 2017
17 Pages Posted: 4 May 2017
Date Written: April 27, 2017
There is no reason to doubt the significance of the inflation index for economic development or the fact that the inflation indicator is used as a central bank’s target. The critics of inflation targeting believe that the association of a central bank’s monetary policy with the planned inflation target alone is incorrect. For developing poorer countries, the dynamics of average prices and not only for food but also for medication and utilities is of importance. The paper discuss some modifications of the inflation index, with their applications.
Keywords: Inflation, Inflation Targeting, Low-Income Population, Imflation, Agflation, Munflation
JEL Classification: E31, E52, E58
Suggested Citation: Suggested Citation