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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | RBI warns of more inflationary pressures from poor rains, MSPs    </title>
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Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon,..."/>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates as well as high fuel prices, negating the deceleration in non- food manufactured products inflation or core inflation which fell below 5 per cent in June, the apex bank said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The near-term inflation outlook is conditioned on the spatial and temporal distribution of the monsoons, the impact of exchange rate pass-through and likely trends in global commodity prices,&quot; the RBI said in its `Macroeconomic and Monetary Developments' report released on the eve of the first quarter review of the monetary policy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;While moderation in global commodity prices could ease the pressure from imported inflation, pass-through of the rupee depreciation will partly offset the impact. The increases in MSP and sustained increases in wage levels could further exert pressure on overall inflation.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report warned administered prices of fuel do not reflect the trends in global market prices and revision of these would be necessary to reduce the extent of suppressed inflation. &quot;The persistence of inflation in an environment of slowing growth is a major challenge for monetary policy.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The softening impact of growth moderation on inflation was partly offset by structural rigidities in the supply of food as well as the exchange rate depreciation, it noted.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that the benefits from the declining global commodity prices were partly offset by the falling rupee, it said &quot;the near-term inflation trajectory could remain sticky and conditioned by a number of risks that emanate from the unsatisfactory progress and distribution of the monsoons, higher MSPs announced for kharif crops and the impact of the exchange rate pass-through.&quot;</div>                                                           
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    <h1 class="cat-box-title">RBI warns of more inflationary pressures from poor rains, MSPs</h1>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates as well as high fuel prices, negating the deceleration in non- food manufactured products inflation or core inflation which fell below 5 per cent in June, the apex bank said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The near-term inflation outlook is conditioned on the spatial and temporal distribution of the monsoons, the impact of exchange rate pass-through and likely trends in global commodity prices,&quot; the RBI said in its `Macroeconomic and Monetary Developments' report released on the eve of the first quarter review of the monetary policy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;While moderation in global commodity prices could ease the pressure from imported inflation, pass-through of the rupee depreciation will partly offset the impact. The increases in MSP and sustained increases in wage levels could further exert pressure on overall inflation.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report warned administered prices of fuel do not reflect the trends in global market prices and revision of these would be necessary to reduce the extent of suppressed inflation. &quot;The persistence of inflation in an environment of slowing growth is a major challenge for monetary policy.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The softening impact of growth moderation on inflation was partly offset by structural rigidities in the supply of food as well as the exchange rate depreciation, it noted.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that the benefits from the declining global commodity prices were partly offset by the falling rupee, it said &quot;the near-term inflation trajectory could remain sticky and conditioned by a number of risks that emanate from the unsatisfactory progress and distribution of the monsoons, higher MSPs announced for kharif crops and the impact of the exchange rate pass-through.&quot;</div>                                                           
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    <h1 class="cat-box-title">RBI warns of more inflationary pressures from poor rains, MSPs</h1>
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                            <div style="text-align: justify">-PTI</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates as well as high fuel prices, negating the deceleration in non- food manufactured products inflation or core inflation which fell below 5 per cent in June, the apex bank said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The near-term inflation outlook is conditioned on the spatial and temporal distribution of the monsoons, the impact of exchange rate pass-through and likely trends in global commodity prices,&quot; the RBI said in its `Macroeconomic and Monetary Developments' report released on the eve of the first quarter review of the monetary policy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;While moderation in global commodity prices could ease the pressure from imported inflation, pass-through of the rupee depreciation will partly offset the impact. The increases in MSP and sustained increases in wage levels could further exert pressure on overall inflation.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report warned administered prices of fuel do not reflect the trends in global market prices and revision of these would be necessary to reduce the extent of suppressed inflation. &quot;The persistence of inflation in an environment of slowing growth is a major challenge for monetary policy.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The softening impact of growth moderation on inflation was partly offset by structural rigidities in the supply of food as well as the exchange rate depreciation, it noted.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Noting that the benefits from the declining global commodity prices were partly offset by the falling rupee, it said &quot;the near-term inflation trajectory could remain sticky and conditioned by a number of risks that emanate from the unsatisfactory progress and distribution of the monsoons, higher MSPs announced for kharif crops and the impact of the exchange rate pass-through.&quot;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/rbi-warns-of-more-inflationary-pressures-from-poor-rains-msps/articleshow/15285603.cms" class="re" target="_blank">The Economic Times, 31 July, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rbi-warns-of-more-inflationary-pressures-from-poor-rains-msps/articleshow/15285603.cms</a><div class="clear"></div>
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Home हिन्दी

RBI warns of more inflationary pressures from poor rains, MSPs

Published on Jul 31, 2012   Modified on Jul 31, 2012

-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates as well as high fuel prices, negating the deceleration in non- food manufactured products inflation or core inflation which fell below 5 per cent in June, the apex bank said. "The near-term inflation outlook is conditioned on the spatial and temporal distribution of the monsoons, the impact of exchange rate pass-through and likely trends in global commodity prices," the RBI said in its `Macroeconomic and Monetary Developments' report released on the eve of the first quarter review of the monetary policy. "While moderation in global commodity prices could ease the pressure from imported inflation, pass-through of the rupee depreciation will partly offset the impact. The increases in MSP and sustained increases in wage levels could further exert pressure on overall inflation." The report warned administered prices of fuel do not reflect the trends in global market prices and revision of these would be necessary to reduce the extent of suppressed inflation. "The persistence of inflation in an environment of slowing growth is a major challenge for monetary policy." The softening impact of growth moderation on inflation was partly offset by structural rigidities in the supply of food as well as the exchange rate depreciation, it noted. Noting that the benefits from the declining global commodity prices were partly offset by the falling rupee, it said "the near-term inflation trajectory could remain sticky and conditioned by a number of risks that emanate from the unsatisfactory progress and distribution of the monsoons, higher MSPs announced for kharif crops and the impact of the exchange rate pass-through."

The Economic Times, 31 July, 2012, http://economictimes.indiatimes.com/news/economy/indicators/rbi-warns-of-more-inflationary-pressures-from-poor-rains-msps/articleshow/15285603.cms

Tagged with: monsoon Inflation

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