-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
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Behind the policy and politics around inflation -Roshan Kishore
-Hindustan Times The Wholesale Price Index (WPI), which acts as a proxy for producer prices, grew 14.23% in November, the highest since April 2012, the earliest period for which WPI data is available under the current series. Retail inflation in India rose 4.91% in November compared with a year ago. The rise was far from unprecedented. And of the 119 months for which data is available under the latest series of Consumer...
More »Wholesale inflation surges to 30-year-high at 14.23 per cent
-The Telegraph The November figures stand out vis-a-vis a modest 2.29 per cent in the same month last year Wholesale inflation spiked to a 30-year high at 14.23 per cent in November — a level that hasn’t been seen since India embraced economic liberalisation in 1991. The surge was led by a vault in the prices of food, fuel and power, basic metals and chemical products. Inflation based on the wholesale price index (WPI)...
More »Sticky to the core
-The Hindu Business Line Besides global factors, structural inflation, which is sticky, might be setting in. The RBI should be ready November readings for wholesale and consumer price index, the first at a three decade high and the second at a more modest three-month high, are a cause for concern. They raise questions over whether the Monetary Policy Committee’s projections for retail inflation will hold. A 14.2 per cent spike in WPI...
More »A flawed calculation of inflation -Arun Kumar
-The Hindu The current official inflation rate does not correctly measure price rise Inflation for the last four months has been worryingly high — wholesale price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark in June, which was above the Reserve Bank of India (RBI)’s tolerance band. This is happening at a time when demand has been down, unemployment has been high, many have lost...
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