01734cas a2200253 a 4500 AALejournalIMF005974 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873146 1018-5941 BD-DhAAL BD-DhAAL Gupta, Souvik. Measures of Underlying Inflation in Sri Lanka / Souvik Gupta, Magnus Saxegaard. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to compare the performance of Sri Lanka's existing official measure of core inflation against alternative measures. Our findings suggest that the existing measure does contain information about the future path of headline information, but may be inadequate as a communication tool for the Central Bank. Mode of access: Internet Saxegaard, Magnus. IMF Working Papers; Working Paper ; No. 2009/167 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/167/001.2009.issue-167-en.xml IMF e-Library