Adverse impacts of rising inflation

Synopsis: A rising inflation level adversely impacts the purchasing power of the consumer and discourages lending activities in an economy. India is currently observing an upward trend which may induce RBI to alter its accommodative stance and tilt towards a stricter monetary policy. Background: RBI has not intervened on high inflation since the onset of… Continue reading Adverse impacts of rising inflation

Wholesale price inflation quickens to 2.93% in February

The Wholesale price inflation has increased to 2.93% in February. The rise has been attributed to high food and fuel prices. Wholesale Price Inflation tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers. It is measured by… Continue reading Wholesale price inflation quickens to 2.93% in February