{"id":310184,"date":"2020-01-13T12:41:29","date_gmt":"2020-01-13T07:11:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310184"},"modified":"2020-01-13T13:03:27","modified_gmt":"2020-01-13T07:33:27","slug":"oil-threat-looms-for-india-as-inflation-set-to-breach-6-limit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-threat-looms-for-india-as-inflation-set-to-breach-6-limit\/","title":{"rendered":"Oil threat looms for India as inflation set to breach 6% limit"},"content":{"rendered":"<p>Rising oil prices add a new risk to already surging inflation in India, clouding the outlook for monetary policy and threatening a nascent rally in sovereign bonds.<\/p>\n<p>Oil briefly rose above $70 a barrel last week for the first time since September amid U.S.-Iran tensions, and while they\u2019ve since eased, prices remain elevated compared to last year. In India, the world\u2019s third-biggest oil importer, costs of everything from food to medicines and mobile-phone services have already been climbing.<\/p>\n<p>Data on Monday will probably show inflation breached the upper end of the Reserve Bank of India\u2019s 2%-6% target band for the first time since July 2016. Price-growth probably accelerated to 6.7% in December from 5.5% in the previous month, according to the median estimate of 36 economists surveyed by Bloomberg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising oil prices add a new risk to already surging inflation in India, clouding the outlook for monetary policy and threatening a nascent rally in sovereign bonds. Oil briefly rose above $70 a barrel last week for the first time since September amid U.S.-Iran tensions, and while they\u2019ve since eased, prices remain elevated compared to last year. In India, the world\u2019s third-biggest oil importer, costs of everything from food to medicines and mobile-phone services have already been climbing. Data on Monday will probably show inflation breached the upper end of the Reserve Bank of India\u2019s 2%-6% target band for the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-310184","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=310184"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310184\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}