Mr Trivedi,
Thanks for the insightful article, but your comment on Kirk's query is ambiguous for me. Be it a top-down or bottom up approach, shouldn't the results converge? Moreover when you say"Monetary measures will provide signals for “perceived” inflation in the pipeline, whereas price levels give “factual” inflation data points.", do you mean inflation is detected but not quantified in the former but it is , in the latter. Also, what's your view on how the market reacts to inflation:(as Kirk mentioned) does it sell more or buy more or does it depends on other factors like demographics and developing or developed economies