The Hindu Editorial (Food flux) – Nov 16, 2023

In October, India’s consumer price inflation eased to a four-month low of 4.87%, while wholesale prices declined year-on-year for the seventh successive month by a minor 0.5%... For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Food flux) – Nov 16, 2023.

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The Hindu Editorial (Food flux) – Nov 16, 2023:

flux (noun) – continuous change, changeability, variability, inconstancy, instability, unsteadiness, unpredictability, irregularity, unreliability, fickleness, fluctuation, oscillation.
tidings (noun) – news, information, reports.
amid (preposition) – in the middle of, surrounded by; during.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
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).
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.
pose (verb) – present, constitute, cause, produce, give rise to (a problem/danger).
ease (verb) – decrease, lessen, diminish, reduce, lower.
year-on-year (adjective) – year over year (for comparison).
successive (adjective) – consecutive, subsequent, continuous.
marginally (adverb) – slightly, somewhat, to some degree.
pace (noun) – rate, speed.
household (noun) – family, house.
drop (verb) – decrease, lessen, reduce, decline, plunge, plummet, fall, slump.
surge (verb) – increase, rise, escalate.
uptick (noun) – a small increase or upward trend.
virtually (adverb) – practically, effectively, in effect, actually, in reality.
elevated (adjective) – increased, raised.
pulses (noun) – edible seeds (chickpeas, lentils, beans). (dals).
cereal (noun) – a grain or plants that produce it (for example-wheat, maize, rice & etc.).
attribute (verb) – ascribe, assign, connect/associate with.
kharif sowing/crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in the South Asia.
rabi sowing/crops (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in the South Asia.
sowing (noun) – an act of seeding a plant or crop.
crop (noun) – a plant that can be grown and harvested extensively for profit or subsistence.
uncertain (adjective) – unpredictable, varying, erratic, irregular, fluctuant, unreliable.
prospects (noun) – chances, possibilities, expectations, outlook, future.
Minimum Support Price (MSP) (noun) – it is a form of market intervention by the Government of India to give guaranteed price and assured market to the farmers and protect them from the price fluctuations and market imperfections. The guaranteed price and assured market are expected to encourage higher investment and in the adoption of modern farming practices.
pass-through (noun) – passing on a cost (to someone, a customer).
likely (adverb) – probably, presumably, potentially, doubtlessly.
monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
sway (verb) – influence, affect, control.
projection (noun) – prediction, indication, forecast, speculation, prognosis, calculation (of future events or trends).
quarter (noun) – a period of three months (considered as one-fourth of a year).
fractionally (adverb) – to a very small level/degree; slightly.
short of (phrase) – less than.
central bank (noun) – the banking regulator of a county’s banking system. (e.g. The Reserve Bank of India (RBI) is the central bank of India).
tolerance (noun) – deviation, fluctuation, variation.
threshold (noun) – it is an amount, level, or limit of something. Once the threshold is reached, something else happens or changes; lower limit, starting point, point of entry.
tolerance threshold (noun) – maximum allowable departure/deviation from a standard one.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
play a role or play a part (phrase) – contribute to, be instrumental in, be a factor in.
moderate (verb) – reduce, lower, decrease, lessen, weaken.
index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
consumer price index (CPI) (noun) – a monthly measurement of prices for most household goods and services.
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.
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.
conflict (noun) – war, armed conflict, battle, fighting.
spike (verb) – rise/increase sharply.
dissipate (verb) – disappear, vanish, disintegrate, dissolve, scatter.
cool (verb) – reduce, lessen, diminish, decrease.
ebb (verb) – diminish, decrease, fade away, disappear; it also means recede, retreat, flow back, go out.
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.
perceived (adjective) – discernable, noticeable, recognizable; recognized, identified, distinguished, supposed, regarded, considered.
retreat (noun) – decline; withdrawal, pulling back, back down, U-turn, exit.
fleeting (adjective) – brief, transient, short-lived, short, momentary, sudden.
pull back (phrasal verb) – withdraw, retreat, disengage, pull out, back off.
discretionary (adjective) – optional, voluntary, subjective, up to the individual, non-mandatory, non-compulsory.
downsize (verb) – reduce, cut down, decrease, lessen.
cautious (adjective) – careful, heedful, vigilant, watchful, attentive, circumspect.
rather than (phrase) – instead of.
loosen the purse strings (phrase) – to have no control of or no restriction on spending of money (by a family, company, country, etc.).
tighten the purse strings (phrase) – to have control of or restriction on spending of money (by a family, company, country, etc.).
unrepresentative (adjective) – unusual, uncommon, atypical.
anytime soon (phrase) – in the near future.
resilience (noun) – the ability to bounce back quickly from difficulties; strength of character, strength, toughness, buoyancy, adaptability.
rely on (phrasal verb) – depend on, count on, bank on.
buffer (noun) – protection, cushion, shielding, defence.
buffer stock (noun) – a large supply of a commodity stored (as reserve/extra) by the government for the purposes of stabilizing prices in an entire economy.
shock (noun) – disturbance causing volatility/uncertainty in an economy.
reluctant (adjective) – unwilling, disinclined, hesitant, against.
budget-cramped (adjective) – restricted, tight or inadequate budget.
cramped (adjective) – restricted, tight, small, inadequate.
headwinds (noun) – (in business) situations or conditions that make growth harder/difficult.
tailwinds (noun) – (in business) situations or conditions that move growth, revenues, or profits higher.
strive (verb) – try, try hard, aim, aspire, seek, struggle, make every effort.
address (verb) – tackle, deal with, attend to, try to sort out.