The Hindu Editorial (​​Surprise spike) – Nov 14, 2024

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The Hindu Editorial (Surprise spike) – Nov 14, 2024:

1. spike (noun) – a sharp rise/increase of something.
2. consumer price index (CPI) (noun) – a monthly measurement of prices for most household goods and services.
3. Wholesale Price Index (WPI) (noun) – The WPI looks at a basket of wholesale goods (goods purchased in large quantities by businesses directly from manufacturers with the intent of reselling them to retailers). the WPI tracks prices at the factory gate before the retail level.
4. index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
5. inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
6. pace (noun) – rate, speed.
7. surpass (verb) – exceed, be greater than, be better than, outdo, overshadow.
8. expectation (noun) – prediction, indication, projection, prognosis, speculation, forecast, calculation (of future events or trends).
9. dash (verb) – spoil, ruin, shatter, wipe out, destroy.
10. rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
11. momentum (noun) – the increase in the rate of growth of something; strength, impetus.
12. render (verb) – give, provide, display, show, represent, present.
13. tangible (adjective) – noticeable, visible, recognizable, conspicuous.
14. softening (noun) – decrease, reduction, lessening, moderation.
15. median (adjective) – average, mean.
16. preceding (adjective) – previous, prior, earlier.
17. fleeting (adjective) – brief, transient, short-lived, short, momentary, sudden.
18. reprieve (noun) – pause, interruption, break, suspension, respite, lull, breather, rest.
19. hit (verb) – reach, attain, touch, arrive at (a particular level).
20. monetary policy (noun) – monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.
21. The monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
22. moderation (noun) – reduction, contraction, lessening, decrease.
23. reversal (noun) – turnaround, shift, change, retraction, U-turn.
24. surge (noun) – sudden increase or rise of something.
25. onset (noun) – start, beginning, arrival.
26. uptick (noun) – a small increase or upward trend.
27. edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
28. stoke (verb) – influence, trigger, encourage, incite; fuel, add fuel to.
29. end up (phrasal verb) – finish up, turn up, come/appear, find oneself (to a particular course of action in the end).
30. a tad (noun) – a small amount of something.
31. projection (noun) – prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
32. bugbear (noun) – bane, anathema, curse, bogey, pet peeve, aversion, irritation.
33. alarming (adjective) – worrying, disturbing, shocking, distressing.
34. basket (noun) – a group of something (taxes, investments, commodities, etc.).
35. boom (verb) – experience a rapid increase in growth
36. year-on-year (adjective) – year over year (for comparison).
37. weigh in (phrasal verb) – to have influence (in a decision/discussion/plan/argument/activity); be important to, carry weight, make an impression on, make a contribution to
38. pricier (adjective) – expensive, high-priced, costly, overpriced.
39. highlight (verb) – emphasize, underscore, underline, accentuate, point up, call attention to, focus attention on.
40. bout (noun) – spell, period, time, session, run, cycle.
41. drive (verb) – cause to happen.
42. feed into (phrasal verb) – to add to something; link with something; to have an influence on the development of something.
43. core inflation (noun) – it is a measure of the total inflation within an economy, excluding commodities such as food and energy prices (which change frequently).
44. headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices
45. buffer (noun) – protection, cushion, shielding, defence.
46. kharif sowing/crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in the South Asia.
47. rabi sowing/crops (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in the South Asia.
48. harvest (noun) – production, produce, yield, year’s/season’s growth.
49. alleviate (verb) – reduce, diminish, lessen, decrease; soothe, pacify, relieve, mitigate.
50. Inflationary/price pressures (noun) – the demand and supply-side pressures that can cause a rise in the general price level; cost-push inflation, hot-economy, deficit finance.
51. rethink (noun) – afterthought, reconsideration, reexamination, review.
52. bottom out (phrasal verb) – to reach a lowest or worst point (and from there the condition will only improve).
53. cool (verb) – reduce, lessen, diminish, decrease.
54. gauge (noun) – measure, indicator, index.
55. heat up (phrasal verb) – to make something more intense/serious.
56. durable (adjective) – substantial, lasting, continuing, persistent, stable.
57. mull (verb) – consider, ponder, think about, reflect on, deliberate
58. prospects (noun) – chances, possibilities, expectations, outlook, future.
59. out of the window (phrase) – (of a plan or a particular way of thinking) disappear, discard, waste, disregard.
60. slackening (adjective) – decreasing, reducing, diminishing, lessening.
61. notably (adverb) – in particular; especially.
62. wane (verb) – decrease, decline, diminish/dwindle gradually.
63. bode well/ill (verb) – augur, indicate, portend (a good/bad outcome).
64. acknowledge (verb) – accept, recognize, realize.
65. fiscal (adjective) – financial.

Note : 

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc. from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purposes only and they may vary in a different context.  

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

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