The government has implemented various short-term and medium-term measures to address inflation and enhance the availability of essential commodities.
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Economy Notes
The growth-inflation trade-off is a key concept in macroeconomics and monetary policy. Here’s a breakdown of the dynamics involved
RESIDEX, launched by the National Housing Bank (NHB), is the country’s official Housing Price Index (HPI). It was initially introduced in 2007
In the context of inflation measurement, food price indices play a crucial role. Both the Wholesale Price Index (WPI) and the Consumer Price Index (CPI)
The Consumer Price Index (CPI) serves as a crucial economic indicator, measuring changes in the prices of goods and services purchased by households
The Wholesale Price Index (WPI) is a crucial economic indicator that provides estimates of inflation at the wholesale transactions level in the economy.
Inflation targeting is a monetary policy framework utilized by central banks to achieve price stability within an economy. The primary objective
Economy Notes
Price Stability and Optimal Inflation – GDP, Potential GDP and Inflation – UPSC Economy Notes
by Edukemy Team
Price stability and optimal inflation are crucial concepts in macroeconomics that play a fundamental role in shaping economic policy and driving sustainable growth.
Understanding the effects of inflation is essential for policymakers to implement effective monetary policies, for businesses to strategize pricing and investment decisions, and for consumers to navigate their financial well-being in an inflationary environment.
Inflation, the persistent rise in the general level of prices over time, remains a persistent economic phenomenon with far-reaching consequences