We should see core inflation dipping: RBI MPC member Ashima Goyal

Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices

While core consumer price index- (CPI-) based inflation has remained stubbornly elevated, a study of some of the underlying components of the price gauge suggest that it should ease going ahead, Ashima Goyal, member of the Monetary Policy Committee, said.

“We looked at some of the underlying components of core (inflation). We find that things like transport, telecommunications were the largest components and those are coming down,” Goyal told reporters at the State Bank of India Banking and Economic Conclave.

“Those are linked to oil prices. If that comes down, their share coming down, then we should see core also