{"id":31449,"date":"2018-10-27T14:07:59","date_gmt":"2018-10-27T08:37:59","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31449"},"modified":"2018-10-27T14:07:59","modified_gmt":"2018-10-27T08:37:59","slug":"in-inflations-shadow","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/in-inflations-shadow\/","title":{"rendered":"In inflation\u2019s shadow"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-opinion\/in-inflations-shadow\/article22684118.ece\"><b>In inflation\u2019s shadow<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The RBI has stressed the need for vigilance on price stability amid inflationary risks<\/span><\/p>\n<p><b>What has happened?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">RBI has held the policy repo rate at 6% citing risks of inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In December, The RBI had made a projection for inflation in the range of 4.3-4.7% in the six months through March 2018.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">With pump prices of petrol and diesel having risen sharply in January, the RBI has now been forced to raise its estimate for retail price gains in the fourth quarter to 5.1%.<\/span><\/li>\n<\/ul>\n<p><b>Inflation scenario:<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">The inflation scenario has been getting more worrying.<\/span><\/i> <i><span style=\"font-weight: 400;\">These include the staggered impact of:<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">HRA increases by various State governments that may induce second order effects on prices;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the pick-up in global growth, a factor the RBI also cites as a positive for the economy,<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">push up crude oil and commodity prices worldwide;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the Budget\u2019s proposed changes to the minimum support price norms for crops as well as the proposals to increase customs duty on a range of goods; and<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">the fiscal slippage, which could not only fan inflation but also risks increasing borrowing costs<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In inflation\u2019s shadow Context: The RBI has stressed the need for vigilance on price stability amid inflationary risks What has happened? \u00a0RBI has held the policy repo rate at 6% citing risks of inflation. In December, The RBI had made a projection for inflation in the range of 4.3-4.7% in the six months through March&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/in-inflations-shadow\/\">Continue reading <span class=\"screen-reader-text\">In inflation\u2019s shadow<\/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-31449","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704825058},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31449","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=31449"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31449\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}