The Hindu Editorial (Stay watchful) – Nov 16, 2022

October’s inflation data point to a welcome softening in price gains that should offer some succour to monetary policy authorities, who have been battling to rein in runaway inflation since the beginning of this year. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Stay watchful) – Nov 16, 2022.

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The Hindu Editorial (Stay watchful) – Nov 16, 2022:

watchful (adjective) – careful, cautious, heedful, alert, vigilant, attentive.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
can ill-afford (phrase) – to prevent something from happening because it would be embarrassing and cause problems (if it happens).
drop one’s guard (phrase) – to become less careful, to become less vigilant, to become less alert.
point to (phrasal verb) – indicate, suggest, signal, signify, denote, reveal.
welcome (adjective) – pleasing, agreeable, heartening, promising, much needed.
softening (noun) – decrease, reduction, lessening, moderation.
price gain (noun) – a general increase in the price of something.
succour (noun) – (financial) help, aid, assistance, relief.
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 mentioned in the Reserve Bank of India Act, 1934.
authorities (noun) – officials, officialdom, the people in charge, the government the bureaucracy.
battle (verb) – struggle, strive, work, toil (to achieve something).
rein in (phrasal verb) – to control, restrain, restrict, limit someone/something.
runaway (adjective) – unconstrained, uncontrolled, unrestricted, unchecked, rampant.
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.
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.
aid (verb) – help, assist, support.
appreciable (adjective) – sizeable, considerable, significant,.
deceleration (noun) – slowing down, easing off, reduction, diminishing, lessening.
food price inflation (noun) – the rise in the prices of most goods and services of food & related things.
year-on-year (adjective) – year over year (for comparison).
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.
ease (verb) – lessen, reduce, moderate.
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.
preceding (adjective) – previous, prior, earlier.
pulses (noun) – edible seeds (chickpeas, lentils, beans). (dals).
beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
sub-index (noun) – sub-indicator.
weight (noun) – larger number, bulk, lion’s share.
slowdown (noun) – decline, slump, depression.
steer (verb) – guide, conduct, direct/take.
even as (phrase) – while, at the same time.
quicken (verb) – accelerate, hasten, step up.
decelerate (verb) – slow down, reduce, lessen, slow up.
headline (adjective) – pronounced, marked, striking, glaring, obvious, impressive.
reading (noun) – figure, indication, record, measurement (in a metre).
base effect (noun) – it relates to inflation in the corresponding period of the previous year, if the inflation rate was too low in the corresponding period of the previous year, even a smaller rise in the Price Index will arithmetically give a high rate of inflation now.
cooling (noun) – reduction, decrease, lessening, diminishing.
uncertainty (noun) – unpredictability, unreliability, riskiness/precariousness.
gathering (adjective) – gaining.
crude oil (noun) – the raw natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, diesel and other petroleum products.
amid (preposition) – in the middle of, surrounded by; during.
instrumental (adjective) – influential, contributory, significant, important, good, helpful, useful.
temper (verb) – moderate, tone down, mitigate, decrease, lessen.
sequential (adjective) – happened in sequence/order/succession.
flag (verb) – indicate, identify, point out.
imperative (noun) – necessary condition, precondition, condition, essential requirement.
breathless (adjective) – exhausted, choking, gasping.
month-on-month (adjective) – used to compare data for one month with that in previous months.
logistical (adjective) – relating to organization and planning of something.
pose (verb) – constitute, present, create, cause (a problem or danger or risk).
volatile (adjective) – unpredictable, turbulent, uncertain, inconstant.
term (noun) – period, time.
staple (adjective) – main, principal, major, primary, leading, foremost, most important.
cereal (noun) – a grain or plants that produce it (for example-wheat, maize, rice & etc.).
object of concern (phrase) – a matter of concern; something which is of particular interest to someone.
notwithstanding (preposition) – despite, in spite of, regardless of.
concerted (adjective) – involving a lot of people coming together & doing something with great effort; strenuous, vigorous, energetic, determined, active, intense; coordinated, collaborative, collective, combined, joint.
cool (verb) – lessen, moderate, abate, diminish, reduce, dampen.
volatility (noun) – unpredictability, instability, unreliability.
measure (noun) – action, step, procedure.
basket (noun) – a group of something (taxes, investments, commodities, etc.).
tick up (phrasal verb) – to increase.
sequentially (adverb) – in succession, successively, continuously.
come in at (phrasal verb) – to cost a specific amount.
moderate (verb) – lessen, decrease, diminish.
submerge (verb) – flood, inundate, deluge, engulf, swamp, immerse.
couple with (verb) – combine, connect, link.
push up (phrasal verb) – increase, raise.
S&P Global (noun) – the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical economic, market and business factors. It is an American publicly traded corporation headquartered in Manhattan, New York City.
outlook (noun) – expectations, prospects, hopes, future, lookout.
intensification (noun) – deterioration, aggravating, compounding.
pass-through (noun) – passing on a cost to a customer.