{"id":28330,"date":"2018-10-24T11:52:37","date_gmt":"2018-10-24T06:22:37","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28330"},"modified":"2018-10-24T11:52:37","modified_gmt":"2018-10-24T06:22:37","slug":"inflation-worries","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/inflation-worries\/","title":{"rendered":"Inflation worries"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/opinion\/editorial\/inflation-worries\/article24445850.ece\"><span style=\"font-weight: 400;\">Inflation worries<\/span><\/a><\/p>\n<p><b>News:<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The latest data of the Wholesale Price Index show a sharp surge in wholesale inflation in June.<\/span><\/li>\n<\/ol>\n<p><b>Important facts<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2. The data, show a 54-months high of 5.77%, are a cause of concern.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">3. The reasons for high inflation are given below:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rising crude oil prices.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Inflation in the fuel and power group has quickened every month since February to June.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Inflation in food articles, especially vegetables.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Manufacturing products are also worrying wider inflationary trend.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">4. Higher WPI inflation will have following implications:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It will add pressure on the RBI to raise interest rates.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Undermine the pace of GDP growth.<\/span><\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The WPI is not primary focus in the RBI\u2019s inflation targeting approach to monetary policy formulation now.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The role of consumer price index remains economically significant.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The measure of wholesale price gains is the key deflator in computing the index of industrial production.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Wholesale price index is also used to deflate gross domestic product at current prices.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation worries News: The latest data of the Wholesale Price Index show a sharp surge in wholesale inflation in June. Important facts: 2. The data, show a 54-months high of 5.77%, are a cause of concern. 3. The reasons for high inflation are given below: Rising crude oil prices. Inflation in the fuel and power&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/inflation-worries\/\">Continue reading <span class=\"screen-reader-text\">Inflation worries<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28330","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704644304},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28330"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28330\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}