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
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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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    <h1 class="cat-box-title">The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran</h1>
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                            <p style="text-align:justify">-Centre for Policy Research</p><p style="text-align:justify">Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India&rsquo;s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 &ndash; roughly coinciding with the Narendra Modi-led government&rsquo;s second term (Modi 2.0) &ndash; CPI inflation has exceeded the 4% target in as many as 32 months and even the 6% ceiling in 18 months. This has been seen by many as a failure on the part of the central bank to adhere to its inflation-targeting mandate, enshrined in law since June 2016 (<a href="https://bit.ly/3b1JJbZ" title="https://bit.ly/3b1JJbZ">https://bit.ly/3b1JJbZ</a> and <a href="https://bit.ly/3OcrDCp" title="https://bit.ly/3OcrDCp">https://bit.ly/3OcrDCp</a>).</p><p style="text-align:justify">The above &ldquo;failure&rdquo; is in contrast to the &ldquo;success&rdquo; achieved in the Modi government&rsquo;s first term (Modi 1.0). During that period, roughly from April 2014 to March 2019, the 6% ceiling was breached only in 6 out of the 60 months. Moreover, CPI inflation was contained within 4% in 23 out of the 60 months. A far cry from the 6 out of 38 in Modi 2.0, with even those six being in the first six months from April to September 2019!</p><p style="text-align:justify">But the story isn&rsquo;t just about overall retail inflation. During Modi 1.0, year-on-year general CPI inflation averaged 4.49%. It was even lower, at 3.52 per cent, for the consumer food price index (CFPI) inflation, with the latter ruling below the former in as many as 38 out of the 60 months. In other words, while inflation in general was benign, food inflation was even more so.</p><p style="text-align:justify">Please <a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" title="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" class="re" target="_blank">Centre for Policy Research, 30 June, 2022, https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo</a><div class="clear"></div>
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    <h1 class="cat-box-title">The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran</h1>
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		 Published on</span><span class="text-date"> Jun 30, 2022</span>
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                            <p style="text-align:justify">-Centre for Policy Research</p><p style="text-align:justify">Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India&rsquo;s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 &ndash; roughly coinciding with the Narendra Modi-led government&rsquo;s second term (Modi 2.0) &ndash; CPI inflation has exceeded the 4% target in as many as 32 months and even the 6% ceiling in 18 months. This has been seen by many as a failure on the part of the central bank to adhere to its inflation-targeting mandate, enshrined in law since June 2016 (<a href="https://bit.ly/3b1JJbZ" title="https://bit.ly/3b1JJbZ">https://bit.ly/3b1JJbZ</a> and <a href="https://bit.ly/3OcrDCp" title="https://bit.ly/3OcrDCp">https://bit.ly/3OcrDCp</a>).</p><p style="text-align:justify">The above &ldquo;failure&rdquo; is in contrast to the &ldquo;success&rdquo; achieved in the Modi government&rsquo;s first term (Modi 1.0). During that period, roughly from April 2014 to March 2019, the 6% ceiling was breached only in 6 out of the 60 months. Moreover, CPI inflation was contained within 4% in 23 out of the 60 months. A far cry from the 6 out of 38 in Modi 2.0, with even those six being in the first six months from April to September 2019!</p><p style="text-align:justify">But the story isn&rsquo;t just about overall retail inflation. During Modi 1.0, year-on-year general CPI inflation averaged 4.49%. It was even lower, at 3.52 per cent, for the consumer food price index (CFPI) inflation, with the latter ruling below the former in as many as 38 out of the 60 months. In other words, while inflation in general was benign, food inflation was even more so.</p><p style="text-align:justify">Please <a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" title="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" class="re" target="_blank">Centre for Policy Research, 30 June, 2022, https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo</a><div class="clear"></div>
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        LATEST NEWS UPDATES | The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran    </title>
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Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India&rsquo;s (RBI) target of 4%, but even its upper tolerance level of 6%, for every..."/>
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Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India&rsquo;s (RBI) target of 4%, but even its upper tolerance level of 6%, for every..." />
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                            <p style="text-align:justify">-Centre for Policy Research</p><p style="text-align:justify">Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India&rsquo;s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 &ndash; roughly coinciding with the Narendra Modi-led government&rsquo;s second term (Modi 2.0) &ndash; CPI inflation has exceeded the 4% target in as many as 32 months and even the 6% ceiling in 18 months. This has been seen by many as a failure on the part of the central bank to adhere to its inflation-targeting mandate, enshrined in law since June 2016 (<a href="https://bit.ly/3b1JJbZ" title="https://bit.ly/3b1JJbZ">https://bit.ly/3b1JJbZ</a> and <a href="https://bit.ly/3OcrDCp" title="https://bit.ly/3OcrDCp">https://bit.ly/3OcrDCp</a>).</p><p style="text-align:justify">The above &ldquo;failure&rdquo; is in contrast to the &ldquo;success&rdquo; achieved in the Modi government&rsquo;s first term (Modi 1.0). During that period, roughly from April 2014 to March 2019, the 6% ceiling was breached only in 6 out of the 60 months. Moreover, CPI inflation was contained within 4% in 23 out of the 60 months. A far cry from the 6 out of 38 in Modi 2.0, with even those six being in the first six months from April to September 2019!</p><p style="text-align:justify">But the story isn&rsquo;t just about overall retail inflation. During Modi 1.0, year-on-year general CPI inflation averaged 4.49%. It was even lower, at 3.52 per cent, for the consumer food price index (CFPI) inflation, with the latter ruling below the former in as many as 38 out of the 60 months. In other words, while inflation in general was benign, food inflation was even more so.</p><p style="text-align:justify">Please <a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" title="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo" class="re" target="_blank">Centre for Policy Research, 30 June, 2022, https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo</a><div class="clear"></div>
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Home हिन्दी

The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran

Published on Jun 30, 2022   Modified on Jul 1, 2022

-Centre for Policy Research Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India’s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 – roughly coinciding with the Narendra Modi-led government’s second term (Modi 2.0) – CPI inflation has exceeded the 4% target in as many as 32 months and even the 6% ceiling in 18 months. This has been seen by many as a failure on the part of the central bank to adhere to its inflation-targeting mandate, enshrined in law since June 2016 (https://bit.ly/3b1JJbZ and https://bit.ly/3OcrDCp). The above “failure” is in contrast to the “success” achieved in the Modi government’s first term (Modi 1.0). During that period, roughly from April 2014 to March 2019, the 6% ceiling was breached only in 6 out of the 60 months. Moreover, CPI inflation was contained within 4% in 23 out of the 60 months. A far cry from the 6 out of 38 in Modi 2.0, with even those six being in the first six months from April to September 2019! But the story isn’t just about overall retail inflation. During Modi 1.0, year-on-year general CPI inflation averaged 4.49%. It was even lower, at 3.52 per cent, for the consumer food price index (CFPI) inflation, with the latter ruling below the former in as many as 38 out of the 60 months. In other words, while inflation in general was benign, food inflation was even more so. Please click here to read more.

Centre for Policy Research, 30 June, 2022, https://cprindia.org/the-return-of-food-inflation-why-its-different-this-time/?fbclid=IwAR3xg5P7jf9w1YevXcwDgqX4UlTHdIHjvVYDjAA-pCwtB8_G4hbybvXHxyo

Tagged with: Consumer Price Index Retail Inflation Retail Prices CPI-General CPI-Food Edible Oils

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