Is India heading into a stagflation

India retail inflation rose to a nearly 64 bague homme argent carbone month high of 7.35 bague femme la redoute per cent in December, rising bague homme argent crane well beyond the Reserve Bank tolerable limit of four per cent (plus, minus two per cent), according bague homme argent taille 56 to bague collier argent double coeur homme noir official data released on Monday.

On the other collier argent pompon hand, the Central Statistics Office has estimated GDP growth in 2019 20 collier argent femme mariage to fall to five per cent. coque iphone 7 High inflation and slow growth have led economists to wonder if India has entered what is known as a phase of stagflation, or stagnant growth coupled with tatouage bague homme high prices.

What has driven bague homme argent qui tourne the bague homme argent onyx large inflation spiral Well, largely food prices. coque samsung supreme iphone 11 case Vegetable price inflation at 60.5% year on year has contributed 3.7 percentage points to the headline inflation of bague homme argent oeil de tigre 7.4%.

of other food items have also increased, which bears close monitoring, but higher vegetable prices are exaggerating the headline, says bague homme titane economist Sonal Varma of Nomura Securities, a brokerage firm.

Going forward, what will inflation look like

Most bague homme argent galerie lafayette economists expect inflation to collier argent homme chaine remain high in January as well. coque iphone 8 According to Varma, supply side pressures are likely to ease after quarter one, with headline inflation falling closer to 4.5 4.7 per cent in the second and third quarter and sharply lower to 2 2.5 per cent in the fourth quarter. collier argent Therefore, this surge in inflation looks transitory.

Is the current spiral driven by demand side or supply side factors At the moment, prices have risen due to supply side shocks from food, oil and gold, which face an upside risk. iphone case There is no sign of what economists call demand pull inflation. coque huawei coque iphone 6 pas cher collier argent pendentif or continue to steady with key interest rates, bague femme venizi collier argent renard while maintaining an stance The government plans to slow expenditure to contain the fiscal deficit will likely bague homme bleu have an impact on bague femme or cdiscount growth in quarter one because the GDP has been kept going by public spending alone. bijoux personnalise coque iphone 5 pas cher bague homme argent diamant noir Analysts such as Varma expect bague homme argent pierre de lune sub par recovery in GDP growth to 5.5% in 2020 versus 4.9% in 2019 The stagflationary phase looks transitory, Nomura Securities said in a note.

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