The Hindu Editorial (Inflation conundrum) – Jan 23, 2019

The multi-month low retail and wholesale inflation prints for December pose an interesting challenge for policymakers and the central bank. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Inflation conundrum) – Jan 23, 2019.

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Today’s word list-1 The Hindu Editorial (Inflation conundrum) – Jan 23, 2019:

inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
conundrum (noun) – problem, difficulty, quandary.
persuade (verb) – convince, influence, coax/prompt.
consumer price index (CPI) (noun) – a monthly measurement of prices for most household goods and services.
blindside (verb) – make (someone) not able to see the truth.
upside (noun) – an upward movement of something.
calibrated (adjective) – carefully assessed, carefully regulated, carefully adjusted.
robustness (noun) – strength/stability, vitality, good condition.
in light of (phrase) – in view of, considering, taking into account.
sit down (phrasal verb) – accept/tolerate (tough situation).
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.
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas).
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).
look at (verb) – regard, consider, think of.
contraction (noun) – reduction in size, decline, decrease.
slowdown (noun) – economic decline, recession, slump/depression.
fall over (phrasal verb) – crash, collapse, stop working.
throw a curveball (phrase) – to surprise; to introduce something unexpected or requiring a quick reaction.
divergent (adjective) – differing, varying, dissimilar/contrasting.
sticky (adjective) – awkward, difficult, problematic.
divergence (noun) – difference, deviation/drift, variance.
curiously (adverb) – strangely, unusually, surprisingly.
index (noun) – measure; guide, indication.
allude to (verb) – refer to, imply, mention.
volatility (noun) – fluctuation, inconsistency, unpredictability.
moderate (verb) – decrease, diminish, control.
call for (phrasal verb) – require, publicly ask/necessitate, demand.