One the of the problems we have to contend with in assessing inflation trends is the divergence between WPI and the CPIs which is due to differences in coverage and weights. Food has a weight of only 24 per cent in the WPI as against weights in the range of 37–70 per cent in the CPIs.
*  *  *  I am pleased to have the opportunity to speak at this symposium examining the continuing convergence of paper and electronic payments. Today marks the fifth anniversary of the September 11th terrorist attacks on the United States.