Inflation Pressures Remain Elevated

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  • Increased price growth is observed in food, fuel, manufactured goods, beverages, tomato with the greatest increase seen in diesel prices.
  • Strong rise seen in Wholesale Price Index inflation is due to supply side constraints in the agricultural side since demand in the economy was weak.
  • Confederation of Indian Industry CII urged the government to control inflation by initiating supply side initiatives:
    • to raise agriculture productivity,
    • augmenting investment in agri-infrastructure
    • improving supply side management,
    • delisting perishables from Agriculture Produce Marketing Committee
    • encouraging foreign direct investment in retail.
  • Read at: http://www.thehindu.com/todays-paper/tp-business/inflation-pressures-continue-to-remain-elevated/article5916896.ece

Exams Perspective:

  1. What is Work Price Index (WPI)?
  2. What is Inflation?
  3. What is Consumer Price Index (CPI) ?
  4. What is The Confederation of Indian Industry (CII)?
  5. What is agricultural produce market committee (APMC)?
  6. What is Foreign Direct Investment (FDI)?

 

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