Characterizing food prices in India

dc.contributor.author	Rahman, Andaleeb
dc.date.accessioned	2015-08-03T11:54:10Z
dc.date.available	2015-08-03T11:54:10Z
dc.date.issued	2012-09
dc.identifier.uri	http://hdl.handle.net/2275/269
dc.description.abstract	This paper seeks to improve our understanding of the behavior of wholesale price index (WPI) of 24 selected food products in India over a long period of time. The hypothesis of declining trend in prices is not found for all commodities although we do find that price of food grains exhibit a negative trend as a result of positive productivity shock. Two main finding of this paper in the context of cyclical behavior of prices are: asymmetry in the duration spent in boom and slump and the fact that the price cycle does not have a consistent shape. This has implications for formulating counter cyclical policies.	en_US
dc.language.iso	en	en_US
dc.relation.ispartofseries	wp;WP-2012-022
dc.subject	Price level	en_US
dc.subject	Cycles	en_US
dc.title	Characterizing food prices in India	en_US
dc.type	Working Paper	en_US