 "CPI inflation breaches the 6% mark for two quarters on the trot")
The Reserve Bank of India (RBI) has justification for escaping possible scrutiny by the government for failing to meet the inflation target because the consumer price index (CPI) for April and May was imputed.
Imputation means prices of some groups are taken as substitutes of those of similar segments (and assorted accordingly) for which information is not available. This was the case due to lockdown in these months.
If the inflation rate is calculated on the basis of the imputed CPI for these two months, the pace of price rise has exceeded 6 per cent for two consecutive quarters —January-March and April-June
