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\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\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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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    <h1 class="cat-box-title">Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</h1>
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		 Published on</span><span class="text-date"> Apr 25, 2021</span>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact.</em></p><p style="text-align:justify">The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been seen in India for over eight years. It was only in October 2012 that the country had witnessed a 7.4% inflation over the corresponding month of the previous year.</p><p style="text-align:justify">The Union government while releasing the index cautioned that since the country had witnessed a strict lockdown a year ago, the base figure on which inflation was being calculated was suspect, an underestimate based on insufficient response in the base period. Even this argument, however, can provide little comfort: the inflation rate in March 2021, compared to the previous month, February 2021, comes to a whopping 1.57%.</p><p style="text-align:justify">We are clearly witnessing an inflationary upsurge. And it has been building up for some time: it was 2.51% in January (over the previous January), and 4.17% in February. The question is: why are we having this upsurge?</p><p style="text-align:justify">There is massive unemployment in the country and equally massive idle productive capacity. There are also substantial foodgrain stocks with the government. The economy in short continues to be demand-constrained and there is no question of any inflation arising because of a general shortage. There may be some specific temporary shortages here and there, but they would not explain a sustained inflationary episode, and that, too, on such a scale.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM" title="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact.</em></p><p style="text-align:justify">The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been seen in India for over eight years. It was only in October 2012 that the country had witnessed a 7.4% inflation over the corresponding month of the previous year.</p><p style="text-align:justify">The Union government while releasing the index cautioned that since the country had witnessed a strict lockdown a year ago, the base figure on which inflation was being calculated was suspect, an underestimate based on insufficient response in the base period. Even this argument, however, can provide little comfort: the inflation rate in March 2021, compared to the previous month, February 2021, comes to a whopping 1.57%.</p><p style="text-align:justify">We are clearly witnessing an inflationary upsurge. And it has been building up for some time: it was 2.51% in January (over the previous January), and 4.17% in February. The question is: why are we having this upsurge?</p><p style="text-align:justify">There is massive unemployment in the country and equally massive idle productive capacity. There are also substantial foodgrain stocks with the government. The economy in short continues to be demand-constrained and there is no question of any inflation arising because of a general shortage. There may be some specific temporary shortages here and there, but they would not explain a sustained inflationary episode, and that, too, on such a scale.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM" title="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik    </title>
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    <h1 class="cat-box-title">Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact.</em></p><p style="text-align:justify">The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been seen in India for over eight years. It was only in October 2012 that the country had witnessed a 7.4% inflation over the corresponding month of the previous year.</p><p style="text-align:justify">The Union government while releasing the index cautioned that since the country had witnessed a strict lockdown a year ago, the base figure on which inflation was being calculated was suspect, an underestimate based on insufficient response in the base period. Even this argument, however, can provide little comfort: the inflation rate in March 2021, compared to the previous month, February 2021, comes to a whopping 1.57%.</p><p style="text-align:justify">We are clearly witnessing an inflationary upsurge. And it has been building up for some time: it was 2.51% in January (over the previous January), and 4.17% in February. The question is: why are we having this upsurge?</p><p style="text-align:justify">There is massive unemployment in the country and equally massive idle productive capacity. There are also substantial foodgrain stocks with the government. The economy in short continues to be demand-constrained and there is no question of any inflation arising because of a general shortage. There may be some specific temporary shortages here and there, but they would not explain a sustained inflationary episode, and that, too, on such a scale.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM" title="https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM">click here</a> to read more.</p>                                                           
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Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik

Published on Apr 25, 2021   Modified on Apr 26, 2021

-Newsclick.in The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact. The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been seen in India for over eight years. It was only in October 2012 that the country had witnessed a 7.4% inflation over the corresponding month of the previous year. The Union government while releasing the index cautioned that since the country had witnessed a strict lockdown a year ago, the base figure on which inflation was being calculated was suspect, an underestimate based on insufficient response in the base period. Even this argument, however, can provide little comfort: the inflation rate in March 2021, compared to the previous month, February 2021, comes to a whopping 1.57%. We are clearly witnessing an inflationary upsurge. And it has been building up for some time: it was 2.51% in January (over the previous January), and 4.17% in February. The question is: why are we having this upsurge? There is massive unemployment in the country and equally massive idle productive capacity. There are also substantial foodgrain stocks with the government. The economy in short continues to be demand-constrained and there is no question of any inflation arising because of a general shortage. There may be some specific temporary shortages here and there, but they would not explain a sustained inflationary episode, and that, too, on such a scale. Please click here to read more.

Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM

Tagged with: Food Inflation Food Prices WPI Wholesale Price Index Wholesale Prices

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