MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202611068213 A) filed by Ms. Ojasvi Dixit; Dr. Kaveri Khound; Dr. Vagish Mishra; Ms. Ashu; Ms. Nishtha Batheja; Prof. Dr. Renu Verma; and Mr. Venkatesh Bharti on May 31, 2026, for Real-Time Behavioral Inflation Measurement System.
Inventors include Ms. Ojasvi Dixit; Dr. Kaveri Khound; Dr. Vagish Mishra; Ms. Ashu; Ms. Nishtha Batheja; Prof. Dr. Renu Verma; and Mr. Venkatesh Bharti.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: The present invention relates to a Real-Time Behavioral Inflation Measurement System configured to generate a Behavioral Inflation Index (BII) by integrating transaction data, purchase frequency variations, product substitution patterns, expenditure migration behavior, and spending elasticity indicators. The system analyzes actual consumer responses to price changes and dynamically adjusts inflation measurements using behavioral weighting methodologies. Unlike conventional inflation indices that primarily measure price movement, the invention evaluates how consumers adapt to economic conditions and incorporates such behavioral adaptations into inflation calculations. The generated Behavioral Inflation Index provides a more representative measure of real-world inflation and is applicable in policymaking, financial analytics, economic forecasting, risk assessment, and macroeconomic intelligence systems.
Disclaimer: Curated by HT Syndication.
