Despite the efforts taken to ease the retail inflation, there is no room for complacency. Comment. (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The latest retail inflation numbers point to a slight softening in the pace of price gains, and that should provide policymakers some solace that recent interventions appear to be working.
· Inflation in the transport and communication category of the CPI slowed by 137 basis points to 9.54% last month.
· This key category, with a weight of 8.59 that places it behind only cereals and housing, captures the pump prices of the main transportation fuels, making it a crucial indicator of price pressures in the economy.
· Food prices, the other driver of retail price gains, offered far less respite with the Consumer Food Price Index (CFPI) inflation slowing by only 34 basis points to 7.97%.
· City consumers experienced an acceleration in food price gains as urban CFPI inflation quickened 11 basis points to 8.2% last month.
· There is no room for complacency given that price gains in the vital cooking medium were still running at 13.3% amid persistent supply concerns in the wake of the Ukraine war .
· With the RBI’s consumer confidence survey showing an appreciable deterioration in households’ expectations of the one-year ahead price level, authorities must stay laser-focused on the battle to tame inflation.
Sathishkumar 3 years
please evaluate the ans and give elaborate review
IAS Parliament 3 years
Good Anwer. Keep Writing.
