Rationales for aiming for positive inflation (2): measurement error in the HICP A second reason to aim for low positive inflation is that available inflation statistics may be subject to a positive measurement error, which would imply that strict price stability, that is, zero inflation, as measured by the price index would de facto mean a declining price level.
•  In particular, I want to acknowledge the past principals of the college who are present at the celebrations today:  •  1. Shri R.C. Mody  2. Shri O.P. Sodhani  3. Shri P.K. Biswas  4. Shri S. Venkataraman  5. Shri T.R. Devarajan  6. Shri M. Jesudasan  7. Smt. Chitra Chandramouliswaran  8.