The Hindu Editorial (Illusory blip) – Aug 15, 2024

Editorial Words

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The Hindu Editorial (Illusory blip) – Aug 15, 2024

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The Hindu Editorial (Illusory blip) – Aug 15, 2024:

illusory (adjective) – imaginary, unreal; untrue.
blip (noun) – a minor, temporary change in something normal; a sudden, brief deviation from a regular trend.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
respite (noun) – relief, relaxation, repose, break, pause, rest, interval; stoppage, cessation, discontinuation.
household (noun) – family, house.
pace (noun) – speed, rate.
ease (verb) – decrease, lessen, diminish, reduce, lower.
food inflation (noun) – the condition of an increase in the wholesale price index of a necessary food item relative to the general index or the consumer price index (CPI) is referred to as food inflation. In layman’s language, it is basically the rise in the cost of an essential food item relative to the previous price.
slid past participle slide (verb) – slip, fall, drop, decrease, slump.
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.
align (verb) – place, position, set, situate.
median (adjective) – average, mean.
The 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.
status quo (noun) – the present situation, the current state, the existing state of affairs.
consecutive (adjective) – continuous, subsequent, succeeding, following.
await (verb) – wait for.
durable (adjective) – substantial, lasting, continuing, persistent, stable.
pleasant (adjective) – agreeable, acceptable, welcome, satisfying.
trigger (verb) – cause, give rise to, lead to, bring about, generate.
rethink (noun) – afterthought, reconsideration, reexamination, review.
in fact (phrase) – actually, really, in reality.
projection (noun) – prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
quarter (noun) – a period of three months (considered as one-fourth of a year).
rebound (verb) – recover, revive, rally, pick up, come back (in value of something after decline).
well over (phrase) – much more than.
see through (phrasal verb) – realize, understand, fathom, not be deceived by, get/have the measure of.
print (noun) – mark, 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.
dearer (adjective) – expensive, costly, high-priced, overpriced, high-priced.
rather than (phrase) – instead of.
tangible (adjective) – noticeable, visible, recognizable, conspicuous.
softening (noun) – decrease, reduction, lessening, moderation.
persistent (adjective) – continuous, constant, unending, unrelenting, unceasing.
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.
driver (noun) – driving force/factor; reason, cause.
spike (noun) – sharp increase/rise.
on top (phrase) – in addition.
whopping (adjective) – huge, massive, very large, substantial.
key (adjective) – vital, important, essential, crucial.
play a role or play a part (phrase) – contribute to, be instrumental in, be a factor in.
hit (verb) – reach, attain, touch, arrive at (a particular level).
moreover (adverb) – in addition.
feel the pinch (phrase) – suffer hardship, suffer adversity.
year-on-year (adjective) – year over year (for comparison).
play out (phrasal verb) – happen, occur, take place, transpire.
amid (preposition) – in the middle of, surrounded by; during.
heatwave (noun) – (a long period of) hot weather, hotness, humidity.
pulses (noun) – edible seeds (chickpeas, lentils, beans). (dals).
cereal (noun) – a grain or plants that produce it (for example-wheat, maize, rice & etc.).
stubborn (adjective) – firm, resolute, persistent, inflexible, uncompromising.
on the other hand (phrase) – as an alternative, as another option.
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).
primarily (adverb) – most importantly, mainly, mostly; basically, particularly, especially.
pricier (adjective) – expensive, high-priced, costly, overpriced.
thanks to (phrase) – as a result of, owing to, due to, because of.
hardening (noun) – a process (of price of something) rising, increasing (and be firm at a higher level).
in turn (phrase) – in succession, successively, sequentially.
reprieve (noun) – pause, interruption, break, suspension, respite, lull, breather, rest.
harvest (noun) – the operation of gathering the useful part or parts of the plant.
sowing (noun) – an act of seeding a plant or crop.
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.
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.
hold out hope (phrase) – to offer a chance, hope, or possibility of something.
spurt (noun) – sudden increase, rise, surge.
hit (noun) – affect badly, damage, ruin.
prolonged (adjective) – lengthy, extended, protracted, unending, unrelenting.
spate (noun) – series, flurry; a large number of something (taking place at the same period).
cramp (adjective) – hinder, impede, inhibit, hamper, constrain, thwart, obstruct, restrict, confine, limit.
optical (adjective) – relating to the ability to see.
room (noun) – scope, chance, leeway, freedom, latitude, opportunity (for something to happen).
complacency (noun) – carelessness, laziness, laxity; self-satisfaction, smugness, self-regard.