{"id":462639,"date":"2022-01-19T10:45:47","date_gmt":"2022-01-19T05:15:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462639"},"modified":"2022-01-19T12:08:57","modified_gmt":"2022-01-19T06:38:57","slug":"crude-above-87-stokes-inflation-growth-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-above-87-stokes-inflation-growth-worries\/","title":{"rendered":"Crude above $87 stokes inflation, growth worries"},"content":{"rendered":"<p>Oil prices have risen above $87 per barrel on fears of Mideast tension disrupting supply in a tighter market, triggering inflation and growth worries for the country. If crude prices sustain at current levels for a month or so, it will start transmitting into fuels and freight and trigger inflation, according to economists.<\/p>\n<p>&#8220;If oil prices keep moving up or remain at these levels, inflation pressures will be alive and kicking, which could ultimately transfer into interest rates and bond deals. That might start having an impact on growth,&#8221; said Abheek Barua, chief economist at HDFC Bank. He&#8217;s expecting oil prices to stay in the range of $80-85 per barrel and inflation of 5.9% in the current quarter and 5.2-5.4% in the next.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices have risen above $87 per barrel on fears of Mideast tension disrupting supply in a tighter market, triggering inflation and growth worries for the country. If crude prices sustain at current levels for a month or so, it will start transmitting into fuels and freight and trigger inflation, according to economists. &#8220;If oil prices keep moving up or remain at these levels, inflation pressures will be alive and kicking, which could ultimately transfer into interest rates and bond deals. That might start having an impact on growth,&#8221; said Abheek Barua, chief economist at HDFC Bank. He&#8217;s expecting oil [&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-462639","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\/462639","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=462639"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462639\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}