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


        trigger_error($message, E_USER_DEPRECATED);

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


        trigger_error($message, E_USER_DEPRECATED);

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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | Price pinch: Editorial on the impact of inflation    </title>
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The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far

In India, price inflation has been creeping up in the recent..."/>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far</em></p><p style="text-align:justify">In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component of retail prices faced by consumers, grew by 7.75% in June 2022 on a year-on-year basis. The WPI figure is an indication of rising costs faced by businesses in wholesale trade. The data indicate that not only retail prices are squeezing the ordinary consumer but the immediate future also looks gloomy because of rising business costs. The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far. The impact on consumers is that their loan repayment instalments are higher with higher interest rates and fresh loans are more expensive. On top of all these woes, the Government of India has decided to revise and raise the goods and services tax on a number of goods and services affecting the ordinary consumer. This set of revisions includes a number of food items, hospital rooms, hotel rooms, bank cheques, LED lamps and solar heaters. These are not only essentials but also items that need to be made attractive to consumers, such as alternative and energy-efficient equipment. Similarly, the tourism and business travel industries had been languishing during the pandemic. Making hotel rooms more expensive is not good news for this sector. Traders across the board are unhappy with these revisions and the complications arising from frequent changes in rates.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" title="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" class="re" target="_blank">The Telegraph, 25 July, 2022, https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336</a><div class="clear"></div>
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The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far

In India, price inflation has been creeping up in the recent..."/>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far</em></p><p style="text-align:justify">In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component of retail prices faced by consumers, grew by 7.75% in June 2022 on a year-on-year basis. The WPI figure is an indication of rising costs faced by businesses in wholesale trade. The data indicate that not only retail prices are squeezing the ordinary consumer but the immediate future also looks gloomy because of rising business costs. The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far. The impact on consumers is that their loan repayment instalments are higher with higher interest rates and fresh loans are more expensive. On top of all these woes, the Government of India has decided to revise and raise the goods and services tax on a number of goods and services affecting the ordinary consumer. This set of revisions includes a number of food items, hospital rooms, hotel rooms, bank cheques, LED lamps and solar heaters. These are not only essentials but also items that need to be made attractive to consumers, such as alternative and energy-efficient equipment. Similarly, the tourism and business travel industries had been languishing during the pandemic. Making hotel rooms more expensive is not good news for this sector. Traders across the board are unhappy with these revisions and the complications arising from frequent changes in rates.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" title="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" class="re" target="_blank">The Telegraph, 25 July, 2022, https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Price pinch: Editorial on the impact of inflation    </title>
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The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far

In India, price inflation has been creeping up in the recent..."/>
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    <h1 class="cat-box-title">Price pinch: Editorial on the impact of inflation</h1>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far</em></p><p style="text-align:justify">In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component of retail prices faced by consumers, grew by 7.75% in June 2022 on a year-on-year basis. The WPI figure is an indication of rising costs faced by businesses in wholesale trade. The data indicate that not only retail prices are squeezing the ordinary consumer but the immediate future also looks gloomy because of rising business costs. The Reserve Bank of India&rsquo;s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far. The impact on consumers is that their loan repayment instalments are higher with higher interest rates and fresh loans are more expensive. On top of all these woes, the Government of India has decided to revise and raise the goods and services tax on a number of goods and services affecting the ordinary consumer. This set of revisions includes a number of food items, hospital rooms, hotel rooms, bank cheques, LED lamps and solar heaters. These are not only essentials but also items that need to be made attractive to consumers, such as alternative and energy-efficient equipment. Similarly, the tourism and business travel industries had been languishing during the pandemic. Making hotel rooms more expensive is not good news for this sector. Traders across the board are unhappy with these revisions and the complications arising from frequent changes in rates.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" title="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336" class="re" target="_blank">The Telegraph, 25 July, 2022, https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336</a><div class="clear"></div>
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Price pinch: Editorial on the impact of inflation

Published on Jul 25, 2022   Modified on Jul 25, 2022

-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component of retail prices faced by consumers, grew by 7.75% in June 2022 on a year-on-year basis. The WPI figure is an indication of rising costs faced by businesses in wholesale trade. The data indicate that not only retail prices are squeezing the ordinary consumer but the immediate future also looks gloomy because of rising business costs. The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far. The impact on consumers is that their loan repayment instalments are higher with higher interest rates and fresh loans are more expensive. On top of all these woes, the Government of India has decided to revise and raise the goods and services tax on a number of goods and services affecting the ordinary consumer. This set of revisions includes a number of food items, hospital rooms, hotel rooms, bank cheques, LED lamps and solar heaters. These are not only essentials but also items that need to be made attractive to consumers, such as alternative and energy-efficient equipment. Similarly, the tourism and business travel industries had been languishing during the pandemic. Making hotel rooms more expensive is not good news for this sector. Traders across the board are unhappy with these revisions and the complications arising from frequent changes in rates. Please click here to read more.

The Telegraph, 25 July, 2022, https://www.telegraphindia.com/opinion/price-pinch-editorial-on-the-impact-of-inflation/cid/1876336

Tagged with: Inflation LED CPI WPI Wholesale Price Index Consumer Price Index

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