The Hindu Editorial (Amber on economy) – Nov 17, 2021

The latest data on inflation, both in retail and wholesale prices as well as industrial output estimates, suggest it would be prudent to adopt caution on the outlook for the economy. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Amber on economy) – Nov 17, 2021.

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The Hindu Editorial (Amber on economy) – Nov 17, 2021:

amber (noun) – yellow light; a warning signal.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
revival (noun) – improvement, rallying, picking up; re-establishment, reintroduction, restoration.
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.
as well as (phrase) – and also, and in addition.
prudent (adjective) – wise, sensible, careful/far-sighted.
outlook (noun) – prospects, expectations, hopes, likely improvement, lookout, future.
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.
index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
a quickening (noun) – an act of making something faster or quicker.
year-on-year (adjective) – year over year.
spur (verb) – stimulate, encourage, prompt, galvanize.
persistent (adjective) – continuous, constant.
acceleration (noun) – increase, rise.
log (verb) – register, record; achieve.
pulses (noun) – pulses are the term used for edible dry peas, beans, lentils, and chickpeas &, etc.
easing (noun) – reduction, moderation, lessening, decrease.
beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
sub-index (noun) – sub-indicator.
account for (phrasal verb) – constitute, make up, comprise.
month-on-month (adjective) – used to compare data for one month with that in previous months.
rear up (phrasal verb) – rise, increase, rise up, soar (suddenly or unexpectedly).
sequential (adjective) – done in sequence; continuous, consecutive.
disconcerting (adjective) – discomfiting, unsettling, disturbing.
accelerate (verb) – increase.
encompass (verb) – include, incorporate, comprise, take in.
pump price (noun) – the retail selling price of petrol/diesel (to the public).
cut (verb) – reduce, decrease, lessen.
excise duty (noun) – the taxes levied on the manufacture of goods within the country, (as opposed to custom duty that is levied on goods coming from outside the country).
Inflationary/price/cost 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.
inflationary (adjective) – tending to cause monetary inflation.
pressure (noun) – demand.
intensify (verb) – increase, raise, sharpen, strengthen, augment.
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices.
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).
far from (phrase) – not, not at all.
reassuring (adjective) – encouraging, promising, hopeful.
Index of Industrial Production (IIP) (noun) – a composite (combined/complex) indicator that measures the changes in the volume of production of a basket of industrial products during a given period with respect to the volume of production in a chosen base period.
point to (verb) – indicate, suggest, denote.
slowdown (noun) – decline.
slump (verb) – drop, go down, slide, decline, decrease.
mining (noun) – the extraction of valuable minerals (e.g. iron ore) or other geological materials (e.g. coal) from the Earth.
shrank past of shrink (verb) – lessen, reduce, decrease.
cite (verb) – refer to, adduce, make reference to, invoke.
slump (noun) – decline, tumble, downturn, steep fall, decrease.
contract (verb) – decline, decrease, diminish, reduce.
contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product.
use based classification of IIP (noun) – As per the Use-based classification, index of Capital goods, Primary goods, Infrastructure/construction goods, Intermediate goods, Consumer durables & Consumer Non – durables are listed.
consumer non-durables (noun) – products/goods (such as food, clothing, fuel, etc.) which are produced for immediate use and frequently replaced by the consumer.
consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
silver lining (noun) – sign of hope; comforting prospect, hopeful or bright side (during difficulty).
preceding (adjective) – previous, prior, earlier.
white goods (noun) – large electrical goods for the house such as refrigerators and washing machines (typically white in colour).
likely (adverb) – probably, in all probability, presumably, doubtlessly.
stock up (phrasal verb) – amass, stockpile, store up, accumulate, hoard.
shortage (noun) – shortfall, deficiency, insufficiency.
crimp (verb) – compress, limit, crumple.
scarcity (noun) – shortage, paucity, insufficiency.
(be) couple with (verb) – combine, integrate, connect, incorporate, link.
abide (verb) – continue, remain, persist, stay.
so far (phrase) – until now, up to the present, up to this point.
seek (verb) – try, aim, attempt.
tenuous (adjective) – slight, insubstantial, negligible, weak/shaky; doubtful, dubious, questionable, vague, unspecific, indefinite.
defer (verb) – postpone, put off, delay, hold off.
drop one’s guard (phrase) – to become less careful, to become less vigilant, to become less alert.