The Hindu Editorial (Cold comfort) – Jun 15, 2022

The latest retail inflation numbers point to a slight softening in the pace of price gains, and that should provide policymakers some solace that recent interventions appear to be working. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Cold comfort) – Jun 15, 2022.

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The Hindu Editorial (Cold comfort) – Jun 15, 2022:

cold comfort (phrase) – poor/slight consolation or empathy.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
intervention (noun) – the process of intervening in something; involvement, interference.
despite (preposition) – in spite of, notwithstanding, regardless of.
ease (verb) – lessen, reduce, moderate.
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.
room (noun) – scope, chance, leeway, freedom, latitude, opportunity (for something to happen).
complacency (noun) – carelessness, laziness, laxity; self-satisfaction, smugness, self-regard.
point to (phrasal verb) – indicate, suggest, signal, signify, denote, reveal.
slight (adjective) – small, little, minimal, marginal.
softening (noun) – decrease, reduction, lessening, moderation.
pace (noun) – speed, rate.
price gain (noun) – a general increase in the price of something.
solace (noun) – comfort, consolation, support.
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.
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.
quantify (verb) – measure the quantity of.
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).
impact (noun) – effect; results.
weight (noun) – larger number, bulk, lion’s share.
cereal (noun) – a grain or plants that produce it (for example-wheat, maize, rice & etc.).
pump price (noun) – the retail selling price of petrol/diesel (to the public).
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.
quicken (verb) – accelerate, step up, increase, surge, rise.
sequentially (adverb) – in succession, successively, continuously.
disconcertingly (adverb) – unsettlingly, disturbingly, worryingly.
comparatively (adverb) – relatively, in comparison, by comparison, proportionately.
purchasing power (noun) – the ability to buy something (goods/services).
peer (noun) – equal, fellow.
reliant (adjective) – dependent on.
year-on-year (adjective) – year over year (for comparison).
Indian Basket (IB) (or) Indian Crude Basket (noun) – The Indian crude oil basket is derived from sour grade (Oman and Dubai average) and sweet grade (Brent) of crude oil processed at Indian refineries in the ratio of 75.50:24.50. It is used for the purpose of macro-economic calculations as petroleum product prices are linked to their own market.
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.
surge (verb) – increase, rise, go up, advance, escalate, quicken.
plunge (verb) – fall sharply, fall steeply, plummet, drop rapidly, go down.
unwise (adjective) – ill-advised, ill-considered, short-sighted, misguided, thoughtless.
drop one’s guard (phrase) – to become less careful, to become less vigilant, to become less alert.
given (preposition) – considering, taking into account, bearing in mind.
pass-through (noun) – passing on a cost to a customer.
driver (noun) – a factor (that causes a specific thing to happen).
respite (noun) – rest, break, interval, intermission, halt.
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.
acceleration (noun) – increase, rise, surge, escalation.
beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
sub-index (noun) – sub-indicator.
result in (phrasal verb) – cause, bring on, bring about.
month-on-month (adjective) – used to compare data for one month with that in previous months.
precarity (noun) – the state of being uncertain/insecure/unsafe.
household (noun) – family, house.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
amid (preposition) – in the middle of, surrounded by; during.
persistent (adjective) – continuous, constant, unending, unrelenting, unceasing.
in the wake of (phrase) – as a result of some event, especially an unpleasant one; in the aftermath of, as a consequence of, on account of, because of, owing to.
headline (adjective) – relating to a rate of inflation based on the consumer price index (CPI).
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.
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).
Consumer Confidence Index (CCI) (noun) – The Consumer Confidence Index (CCI) is a survey that indicates how optimistic or pessimistic consumers are regarding their expected financial situation. If the consumers are optimistic, spending will be more, whereas if they are not so confident, then their poor consumption pattern may lead to recession.
Consumer Confidence Survey (CCS) (noun) – The Consumer Confidence Survey (CCS) is one of the most keenly watched surveys conducted by the Reserve Bank of India. The CCS, conducted bimonthly (every two months) in 19 major cities, seeks responses on current perception and future expectations on a host of indicators such as income, employment, inflation and spending.
appreciable (adjective) – sizeable, considerable, significant,.
deterioration (noun) – aggravating, compounding, intensification.
laser-focused (adjective) – giving 100% attention.
tame (verb) – curb, control, moderate, mitigate.