The Hindu Editorial (Dizzying climb) – Feb 19, 2021

Editorial Words

4 years ago

The Hindu Editorial (Dizzying climb) – Feb 19, 2021

The latest retail inflation readings should, on the face of it, offer monetary authorities a fair amount of comfort given that the Consumer Price Index (CPI) rose by 4.06% in January,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Dizzying climb) – Feb 19, 2021.

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The Hindu Editorial (Dizzying climb) – Feb 19, 2021:

dizzying (adjective) – confused, muddled, bewildered; off-balance, shaky, unsteady.
climb (noun) – increase, rise.
retail or consumer price index (CPI) inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices. The CPI monitors retail prices at a certain level for a particular commodity. The change in the price index over a period of time is referred to as CPI-based inflation or retail inflation.
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).
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
pose (verb) – constitute, present, create, cause (a problem or danger or risk).
macroeconomic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
macroeconomic stability (noun) – it describes a national economy that has minimized vulnerability to external shocks, which in turn increases its prospects for sustained growth. ‘Macroeconomic stability’ means that government budgets need to be broadly in balance so that borrowings to finance the deficit are kept to the minimum.
reading (noun) – record, indication, measurement.
on the face of it (phrase) – apparently, seemingly, evidently/ostensibly; at first glance.
monetary authority/central bank (noun) – it refers to the institution responsible for managing the currency of a country, establishing interest rates, and controlling its money supply. The goals of a country’s central bank include stabilizing prices, fostering economic growth, and increasing employment. The Reserve Bank of India (RBI) is the central bank of India.
given (preposition) – considering, taking into consideration, taking into account, in view of, bearing in mind.
consumer price index (CPI) (noun) – it is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. To put it simply, it tracks the prices of goods and services purchased by consumers.
mark (verb) – indicate, represent, signify, signalize.
deceleration (noun) – deceleration is the rate at which something slows down; it is the opposite of acceleration.
cool (verb) – lessen, diminish, decrease.
stubbornly (adverb) – persistently, firmly, inflexibly.
stuck (adjective) – fixed.
tolerance (noun as modifier) – acceptance of.
threshold (noun) – it is an amount, level, or limit of something. Once the threshold is reached, something else happens or changes. point of entry, starting point.
tolerance threshold (noun) – acceptable level (the Central Government had notified in the Official Gazette 4% Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6% and the lower tolerance limit of 2%).
appreciable (adjective) – considerable, substantial, significant, reasonable.
softening (noun) – decrease, reduction, lessening, moderation.
Consumer Food Price Index (CFPI) (noun) – a measure of change in retail prices of food items consumed by the population.
reflect (verb) – indicate, show, reveal, exhibit.
disinflation (noun) – decrease in the rate of inflation.
cereal (noun) – food grains (rice, wheat, millet, maize & etc.).
ease (verb) – moderate, decrease, lessen, diminish, reduce, lower.
considerably (adverb) – greatly, significantly, largely, substantially.
in the wake of (phrase) – as a result of, in the aftermath of, as a consequence of.
kharif crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in South Asia.
rabi crops (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in South Asia.
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.
bumper (adjective) – abundant, huge, large, copious, profitable.
prospects (noun) – possibilities, chances, opportunities.
harvest (noun) – the process of gathering a ripe crop from the fields.
poultry (noun) – birds (such as chickens and ducks) that are raised on farms for their eggs or meat.
avian (noun/adjective) – bird/relating to birds.
avian influenza (AI) (noun) – it is also known as influenza A or the bird flu. It primarily infects birds but can pose health risks to people.
augur well (verb) – bode, indicate, portend (a good outcome).
mindful (adjective) – aware of, conscious of, heedful of.
with regard to (phrase) – in respect of, concerning, with reference to.
bring to the fore (phrase) – to move something forward to a most important position (to make it more visible).
pulses (noun) – pulses are the term used for edible dry peas, beans, lentils and chickpeas & etc.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
stand at (verb) – be at a particular level.
barely (adverb) – only just, hardly.
telling (adjective) – striking, revealing; significant, important.
outbreak (noun) – outburst, flaring up, breakout, sudden appearance/occurrence of something.
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.
wane (verb) – decrease, decline, diminish/dwindle gradually.
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.
outlook (noun) – point of view, viewpoint, interpretation, opinion, thinking.
far from (phrase) – not, not at all.
reassuring (adjective) – comforting, encouraging, heartening.
firm footing (noun) – firm position; firm ground.
IHS Markit (noun) – it is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. It partners with clients in business, finance and government to help them see the big picture with unrivaled insights that lead to well-informed, confident decisions.
Purchasing Managers’ Index (PMI) (noun) – Purchasing Managers Index (PMI) is a monthly business survey data provided by IHS Markit. The monthly data are derived from surveys of senior executives at private sector companies. PMI data is used for accurate and timely insight into the health of a particular economy. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
point to (verb) – indicate, suggest, denote.
lingering (adjective) – remaining, nagging, persisting, abiding.
squeeze (noun) – (financial) demand or pressure.
fan (verb) – intensify, increase, exacerbate.
inflationary (adjective) – tending to cause monetary inflation.
add (something) to the mix (phrase) – It means that you are adding another idea to an ongoing discussion.
unrelenting (adjective) – resolute, determined, inflexible, uncompromising, unyielding, unflagging; unceasing, persistent.
distinctly (adverb) – clearly, noticeably, precisely, loud and clear.
freight carriage (noun) – goods transporting vehicle.
bound to (adjective) – certain/sure, very likely, guaranteed.
feed into (verb) – influence, contribute to.
produce (noun) – all agricultural products.
flush with (adjective) – well supplied with, replete with, overflowing with, loaded with, overloaded with.
liquidity (noun) – the availability of liquid assets; liquidity means liquid assets; cash; (liquid asset is an asset which can be easily sold/converted into cash without losing its value); a measure of activity (i.e. the ability to buy or sell easily) in a market.
vigil (noun) – vigilance, surveillance, close watch, monitoring.
resurge (verb) – to rise again.