>> Saturday, November 15, 2008
MoM here refers to Month on Month basis.
Indian gov. is soon going to introduce or release inflation numbers estimated and calculate on MoM basis (Month on Month) currently inflation is calculated on YoY basis (Year on Year). This is an attempt by Gov to give accurate inflation figures.
According to Gov. sources calculating inflation on YoY does not give a clear a picture of movement in price or change in prices.
I think this is a good attempt by government to give accurate picture of Inflation.