Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | A rough patch    </title>
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-The Indian Express

High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth.

Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it..."/>
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-The Indian Express

High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth.

Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth.<br /></em><br />Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per cent in November, according to data from the National Statistical Office. With headline inflation well above the RBI&rsquo;s upper bound target of 6 per cent &mdash; it is expected to remain elevated in the coming months, may well surpass the RBI&rsquo;s estimate for the second half of this fiscal year &mdash; it reduces the space for further easing of policy rates, even after clarity over the extent of the Centre&rsquo;s fiscal slippage emerges. The 10-year G-sec yields have reacted sharply to these developments, rising to 6.67 on Tuesday, partially offsetting the impact of the RBI&rsquo;s recent open market operations. This combination of weak economic activity and higher than expected supply-side inflationary pressures has put the inflation-targeting regime under test.<br /><br />Much of the rise in the headline inflation number can be traced to higher food prices. Food inflation has risen to a near six-year high of 14.12 per cent in December 2019, up from 10.01 per cent in the previous month. Much of this spurt is due to vegetable prices, which have surged to 60.5 per cent in December, contributing nearly 3.7 percentage points to the headline numbers. Prior to this data, there was an argument for overlooking this spurt in food prices, and easing rates further, as this spike in inflation is likely to be transitory. But the price rise has been much more pronounced. <br /><br />Plase <a href="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/" title="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth.<br /></em><br />Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per cent in November, according to data from the National Statistical Office. With headline inflation well above the RBI&rsquo;s upper bound target of 6 per cent &mdash; it is expected to remain elevated in the coming months, may well surpass the RBI&rsquo;s estimate for the second half of this fiscal year &mdash; it reduces the space for further easing of policy rates, even after clarity over the extent of the Centre&rsquo;s fiscal slippage emerges. The 10-year G-sec yields have reacted sharply to these developments, rising to 6.67 on Tuesday, partially offsetting the impact of the RBI&rsquo;s recent open market operations. This combination of weak economic activity and higher than expected supply-side inflationary pressures has put the inflation-targeting regime under test.<br /><br />Much of the rise in the headline inflation number can be traced to higher food prices. Food inflation has risen to a near six-year high of 14.12 per cent in December 2019, up from 10.01 per cent in the previous month. Much of this spurt is due to vegetable prices, which have surged to 60.5 per cent in December, contributing nearly 3.7 percentage points to the headline numbers. Prior to this data, there was an argument for overlooking this spurt in food prices, and easing rates further, as this spike in inflation is likely to be transitory. But the price rise has been much more pronounced. <br /><br />Plase <a href="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/" title="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth.<br /></em><br />Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per cent in November, according to data from the National Statistical Office. With headline inflation well above the RBI&rsquo;s upper bound target of 6 per cent &mdash; it is expected to remain elevated in the coming months, may well surpass the RBI&rsquo;s estimate for the second half of this fiscal year &mdash; it reduces the space for further easing of policy rates, even after clarity over the extent of the Centre&rsquo;s fiscal slippage emerges. The 10-year G-sec yields have reacted sharply to these developments, rising to 6.67 on Tuesday, partially offsetting the impact of the RBI&rsquo;s recent open market operations. This combination of weak economic activity and higher than expected supply-side inflationary pressures has put the inflation-targeting regime under test.<br /><br />Much of the rise in the headline inflation number can be traced to higher food prices. Food inflation has risen to a near six-year high of 14.12 per cent in December 2019, up from 10.01 per cent in the previous month. Much of this spurt is due to vegetable prices, which have surged to 60.5 per cent in December, contributing nearly 3.7 percentage points to the headline numbers. Prior to this data, there was an argument for overlooking this spurt in food prices, and easing rates further, as this spike in inflation is likely to be transitory. But the price rise has been much more pronounced. <br /><br />Plase <a href="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/" title="https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

A rough patch

Published on Jan 15, 2020   Modified on Jan 15, 2020

-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per cent in November, according to data from the National Statistical Office. With headline inflation well above the RBI’s upper bound target of 6 per cent — it is expected to remain elevated in the coming months, may well surpass the RBI’s estimate for the second half of this fiscal year — it reduces the space for further easing of policy rates, even after clarity over the extent of the Centre’s fiscal slippage emerges. The 10-year G-sec yields have reacted sharply to these developments, rising to 6.67 on Tuesday, partially offsetting the impact of the RBI’s recent open market operations. This combination of weak economic activity and higher than expected supply-side inflationary pressures has put the inflation-targeting regime under test. Much of the rise in the headline inflation number can be traced to higher food prices. Food inflation has risen to a near six-year high of 14.12 per cent in December 2019, up from 10.01 per cent in the previous month. Much of this spurt is due to vegetable prices, which have surged to 60.5 per cent in December, contributing nearly 3.7 percentage points to the headline numbers. Prior to this data, there was an argument for overlooking this spurt in food prices, and easing rates further, as this spike in inflation is likely to be transitory. But the price rise has been much more pronounced. Plase click here to read more.

The Indian Express, 15 January, 2020, https://indianexpress.com/article/opinion/editorials/a-rough-patch-reserve-bank-of-india-indian-economy-gdp-growth-rate-food-inflation-6216697/

Tagged with: Retail Food Inflation Retail Inflation food prices food inflation Consumer Food Price Index Consumer Price Index Retail Prices

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