The Hindu Editorial (Alarm bells) – Apr 14, 2022

Just four days after the RBI announced that it would be prioritising inflation over growth, official data show retail inflation disquietingly accelerated to a 17-month high of 6.95% in March… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Alarm bells) – Apr 14, 2022.

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The Hindu Editorial (Alarm bells) – Apr 14, 2022:

alarm bell (noun) – warning sound, alarm signal, danger signal, alert.
tame (verb) – curb, control, tone down, moderate, mitigate.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
dampen (verb) – decrease, diminish/lessen, reduce.
Retail or Consumer Price Index (CPI) inflation (noun) – The change in the price index of the basket of consumer goods and services over a period of time is referred to as CPI-based inflation or retail inflation.
Wholesale or Wholesale price Index (WPI) inflation (noun) – The change in the price index of the basket of wholesale goods (and no services) over a period of time is referred to as WPI-based inflation or wholesale inflation.
disquietingly (adverb) – distressingly, upsettingly, disturbingly, awfully.
accelerate (verb) – increase, rise, escalate.
pace (noun) – speed, rate.
acceleration (noun) – increase, rise, surge, escalation.
price gain (noun) – a general increase in the price of something.
catch someone off guard/throw someone off balance (phrase) – surprise someone by doing something they do not expect; baffle, mystify, bemuse, perplex, puzzle, confuse,
RBI Professional Forecasters Survey (SPF) (noun) – The Reserve Bank has been conducting the Survey of Professional Forecasters (SPF) (on Macroeconomic Indicators) since September 2007. The Survey of Professional Forecasters is conducted bi-monthly as against quarterly from 28th Round.
median (adjective) – mean, average.
expectation (noun) – reckoning, assumption, calculation, prediction, forecast, projection.
basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). Used for measuring change in interest rate/yield.
upsurge (noun) – sudden increase, rise, growth, inflation.
drive (verb) – prompt, precipitate, spur.
beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
account for (phrasal verb) – constitute, make up, comprise, form, compose, represent.
weight (noun) – value, importance, significance.
Consumer Price Index (CPI) (noun) – The CPI looks at the basket of consumer goods and services and it measures the change in price of this basket over a period of time. To put it simply, the CPI monitors retail prices at a certain level for a particular commodity.
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.
annualised (adjective) – (of an inflation) calculated again as an annual rate.
month-on-month (adjective) – used to compare data for one month with that in previous months.
year-on-year (adjective) – year over year (for comparison).
sequentially (adverb) – in succession, successively, continuously.
grant (verb) – admit, accept, agree, concede.
import (noun) – importance, significance, consequence, substance, weight, gravity, seriousness.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
seek (verb) – request, ask for, request, demand, appeal.
at a premium (phrase) – beyond price, above the nominal price.
witness (verb) – confirm, indicate, prove, demonstrate, show.
protracted (adjective) – prolonged, extended, sustained, long-drawn-out, lengthened, never-ending, endless, lingering.
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.
reflect badly on (phrase) – discredit, disgrace, shame, put in a bad light, damage, damage the reputation of, tarnish the reputation of, give a bad name to.
proactively (adverb) – farsightedly, shrewdly, energetically.
address (verb) – tackle, deal with, attend to, try to sort out.
spike (noun) – a sharp increase.
pointedly (adverb) – directly, unambiguously, unquestionably.
flag (verb) – indicate, identify, point out.
spillover (noun as modifier) – consequence, outcome, repercussion (an unexpected one).
poultry (noun as modifier) – birds (such as chickens and ducks) that are raised on farms for their eggs or meat.
dairy (adjective) – relating to the products made from milk.
hinterland (noun) – remote areas of a country away from the coastal areas/the banks of major rivers.
hit (verb) – affect badly, devastate, damage.
run (verb) – reach, range, continue.
sizeable (adjective) – substantial, considerable, significant.
food price inflation (noun) – the rise in the prices of most goods and services of food & related things.
Consumer Food Price Index (CFPI) (noun) – a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year.
precarity (noun) – the state of being uncertain/insecure/unsafe.
vulnerability (noun) – weakness, defencelessness, unprotectedness, susceptibility.
disconcertingly (adverb) – unsettlingly, disturbingly, worryingly.
print (verb) – register, mark.
pass-through (noun) – passing on a cost to a customer.
pump price (noun) – the retail selling price of petrol/diesel (to the public).
state-run (adjective) – (state) government-owned.
refinery (noun) – a factory for refining something, as metal, sugar, or petroleum.
freight (noun as modifier) – transportation, transport, carrying, delivery; goods, cargo, load, consignment.
produce (noun) – all agricultural products.
set to (phrasal verb) – start doing something vigorously.
reflect (verb) – indicate, show, display, demonstrate.
look ahead (phrasal verb) – to think about what will happen in the future.
end up (phrasal verb) – finish up, turn up, come/appear, find oneself (to a particular course of action in the end).
tame (adjective) – unexciting, uninteresting, uninspired, uninspiring, dull.
in comparison (phrase) – when compared; comparatively, by comparison, proportionately.
household (noun) – family, house.
consumer confidence (noun) – the outlook/viewpoint that consumers have towards the economy.
cautionary (adjective) – frightening, intimidating, alarming, warning.
flag (noun) – indication.
sentiment (noun) – point of view, way of thinking, feeling, attitude, thought, opinion, belief.
notwithstanding (adverb) – nevertheless, nonetheless, even so, in spite of that.
intensify (verb) – increase, raise, aggravate, exacerbate.