{"id":6718,"date":"2020-07-16T19:08:50","date_gmt":"2020-07-16T19:08:50","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=6718"},"modified":"2020-07-16T19:08:50","modified_gmt":"2020-07-16T19:08:50","slug":"retail-inflation-likely-to-remain-elevated-in-coming-months","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=6718","title":{"rendered":"\u2018Retail inflation likely to remain elevated in coming months\u2019"},"content":{"rendered":"

<\/p>\n

\n

Retail inflation is likely to remain at elevated levels in the next few months on account of supply constraints driven by labour shortage, rather than due to fiscal deficit or other external factors, according to a State Bank of India report.<\/p>\n

The \u2018Ecowrap\u2019 also said the Ministry of Statistics and Programme Implementation (MOSPI) should take into account online prices of products while computing retail inflation as more and more people are relying on online stores, especially after the outbreak of COVID-19.<\/p>\n

It further said that MOSPI appeared to have underestimated retail inflation by including some items including services, unmindful of the fact that their consumption fell drastically on account of COVID-19 and the subsequent lockdown.<\/p>\n

As per the data released by the National Statistics Office (NSO), the retail inflation was 6.09% in June. \u201cBased on our new weights, as per our SBI Computed COVID CPI (consumer price index), the actual headline inflation is much higher than the imputed inflation. <\/p>\n

\u201cOur June 2020 inflation is at 6.98%, almost 90 basis points (bps) higher than the imputed inflation of NSO,\u201d the report\u2019s author said.<\/p>\n<\/div>\n

\n
\n
\n
\n
\n

You have reached your limit for free articles this month.<\/p>\n

To get full access, please subscribe. <\/p>\n

Already have an account ? Sign in<\/a>\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Show Less Plan <\/p>\n<\/div>\n

\n

Subscription Benefits Include<\/h4>\n
\n
\n
\n<\/p>\n
\n
Today’s Paper<\/h6>\n

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Faster pages<\/h6>\n

Move smoothly between articles as our pages load instantly.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Unlimited Access<\/h6>\n

Enjoy reading as many articles as you wish without any limitations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Dashboard<\/h6>\n

A one-stop-shop for seeing the latest updates, and managing your preferences.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Personalised recommendations<\/h6>\n

A select list of articles that match your interests and tastes.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Briefing<\/h6>\n

We brief you on the latest and most important developments, three times a day.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

\n*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.\n<\/p>\n<\/div>\n<\/div>\n

\n
\n

A letter from the Editor<\/h3>\n\n

Dear subscriber,<\/p>\n

Thank you!<\/p>\n

Your support for our journalism is invaluable. It\u2019s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.<\/p>\n

The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.<\/p>\n

We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.<\/p>\n

Suresh Nambath<\/p>\n<\/div>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retail inflation is likely to remain at elevated levels in the next few months on account of supply constraints driven by labour shortage, rather than due to fiscal deficit or other external factors, according to a State Bank of India report. The \u2018Ecowrap\u2019 also said the Ministry of Statistics and […]<\/p>\n","protected":false},"author":1,"featured_media":6719,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-6718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/TH17BURETAILINFLATION.jpeg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6718"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/6719"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}