{"id":86393,"date":"2019-12-16T17:07:19","date_gmt":"2019-12-16T11:37:19","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12401"},"modified":"2019-12-16T17:07:19","modified_gmt":"2019-12-16T11:37:19","slug":"indias-rising-retail-prices-stoke-worries-of-stagflation","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-rising-retail-prices-stoke-worries-of-stagflation\/","title":{"rendered":"India\u2019s rising retail prices stoke worries of stagflation"},"content":{"rendered":"\n<p><strong>News:<\/strong>India&#8217;s retail price inflation has jumped to a 40-month high at a time when India\u2019s growth has slowed down to a six-year low.This has prompted some economists to warn that the country could be entering into a stagflationary phase.&nbsp;<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About Stagflation:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The term Stagflation was first coined by Paul Samuelson who was the first American to win the Nobel Prize in economics.<\/li><li>Stagflation is a condition of slow economic growth and relatively high unemployment, or economic stagnation, accompanied by rising prices, or inflation.&nbsp;<\/li><li>It can also be defined as inflation and a decline in the gross domestic product(GDP).<\/li><\/ul>\n\n\n\n<p><strong>What causes Stagflation:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The most analysed\u200a episodes of stagflation is the one in the US that began in 1974 and ended in the early 80s.&nbsp;<\/li><li>It was set off by a series of supply shocks led by surging oil prices and an excessively expansionary monetary policy especially in 1972-73, which allowed expectations of inflation to become entrenched.&nbsp;<\/li><li>This led to a breakdown of the inverse relationship between inflation and unemployment as suggested by the Phillips Curve.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Phillips Curve:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Phillips curve is a graphic curve which advocates a relationship between inflation and unemployment in an economy.&nbsp;<\/li><li>As per the curve,there is an inverse relationship between inflation and unemployment.<\/li><li>The concept states that with economic growth comes with inflation which in turn should lead to more jobs and less unemployment.&nbsp;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/SnWMu4Q210bKjP4-LxQgPrvib8PGtkF0hAVkKvSgzvEcXqUs7_iJEmGYC-Nlen3K-JPw_9v3DNpPgRX2jw9xJcxRt7k0Xn4zoHJbIdb-UpZRXWYi7IxlpQOYNZj0Yd7e8uA7kLuU\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>News:India&#8217;s retail price inflation has jumped to a 40-month high at a time when India\u2019s growth has slowed down to a six-year low.This has prompted some economists to warn that the country could be entering into a stagflationary phase.&nbsp; Facts: About Stagflation: The term Stagflation was first coined by Paul Samuelson who was the first&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/indias-rising-retail-prices-stoke-worries-of-stagflation\/\">Continue reading <span class=\"screen-reader-text\">India\u2019s rising retail prices stoke worries of stagflation<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3975,3976],"class_list":["post-86393","post","type-post","status-publish","format-standard","hentry","category-economy","tag-phillips-curve","tag-stagflation","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704947354},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86393","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=86393"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86393\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}