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: 73 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);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 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 88 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: 74 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);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 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 88 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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-trace').style.display = (document.getElementById('cakeErr67f7465ee04ae-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f7465ee04ae-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-code').style.display = (document.getElementById('cakeErr67f7465ee04ae-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-context').style.display = (document.getElementById('cakeErr67f7465ee04ae-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7465ee04ae-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f7465ee04ae-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 59182, 'metaTitle' => 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'metaKeywords' => 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices', 'metaDesc' => '-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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 59182 $metaTitle = 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik' $metaKeywords = 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices' $metaDesc = '-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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f7465ee04ae-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-code').style.display = (document.getElementById('cakeErr67f7465ee04ae-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-context').style.display = (document.getElementById('cakeErr67f7465ee04ae-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7465ee04ae-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f7465ee04ae-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 59182, 'metaTitle' => 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'metaKeywords' => 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices', 'metaDesc' => '-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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 59182 $metaTitle = 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik' $metaKeywords = 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices' $metaDesc = '-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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$value
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$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-trace').style.display = (document.getElementById('cakeErr67f7465ee04ae-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f7465ee04ae-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-code').style.display = (document.getElementById('cakeErr67f7465ee04ae-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7465ee04ae-context').style.display = (document.getElementById('cakeErr67f7465ee04ae-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7465ee04ae-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f7465ee04ae-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 59182, 'metaTitle' => 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'metaKeywords' => 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices', 'metaDesc' => '-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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 59182 $metaTitle = 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik' $metaKeywords = 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices' $metaDesc = '-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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 59182, 'metaTitle' => 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'metaKeywords' => 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices', 'metaDesc' => '-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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 59182, 'title' => 'Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 25 April, 2021, https://www.newsclick.in/inflation-in-india-centrally-administered-event?fbclid=IwAR1ubJSLe7GER4nxE6qGlx8ImKzRz9mdyT0rZF2ZI9giPyM0-BHbrSgqpPM', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'current-inflationary-upsurge-in-india-a-centrally-administered-phenomenon-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 59182 $metaTitle = 'LATEST NEWS UPDATES | Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik' $metaKeywords = 'Food Inflation,Food Prices,WPI,Wholesale Price Index,Wholesale Prices' $metaDesc = '-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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik |
-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. |