{"id":544391,"date":"2022-12-21T12:48:27","date_gmt":"2022-12-21T07:18:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=544391"},"modified":"2022-12-21T12:56:30","modified_gmt":"2022-12-21T07:26:30","slug":"pent-up-demand-fuels-price-spurt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pent-up-demand-fuels-price-spurt\/","title":{"rendered":"Pent-up demand fuels price spurt"},"content":{"rendered":"<p>A Reserve Bank of India (RBI) paper on Tuesday said that while the initial inflationary pressure was due to successive supply shocks, a\u201crevenge rebound\u201d in spending is now generalising price pressures and making them persistent.<\/p>\n<p>The paper, which analysed the inflation trajectory in the country after February, said that supply-side shocks resulting from the Russia-Ukrainewar pushed retail inflation beyond the RBI\u2019s upper tolerance level of 6 per cent.<\/p>\n<p>While headline CPI inflation, which remained above 6per cent since January, moderated by 90 basis points to 5.9per cent in November, driven by a fall in vegetable prices, core inflation remained sticky at 6 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Reserve Bank of India (RBI) paper on Tuesday said that while the initial inflationary pressure was due to successive supply shocks, a\u201crevenge rebound\u201d in spending is now generalising price pressures and making them persistent. The paper, which analysed the inflation trajectory in the country after February, said that supply-side shocks resulting from the Russia-Ukrainewar pushed retail inflation beyond the RBI\u2019s upper tolerance level of 6 per cent. While headline CPI inflation, which remained above 6per cent since January, moderated by 90 basis points to 5.9per cent in November, driven by a fall in vegetable prices, core inflation remained sticky [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-544391","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544391","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=544391"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544391\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=544391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=544391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=544391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}