The Hindu Editorial (Transient easing) – Sep 16, 2021

The latest retail inflation data suggest, at first flush, that price pressures have begun to moderate in the economy, with the August print for CPI showing inflation having slowed… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Transient easing) – Sep 16, 2021.

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The Hindu Editorial (Transient easing) – Sep 16, 2021:

transient (adjective) – temporary, short-term or impermanent.
easing (noun) – reduction, moderation, lessening, decrease.
cut (verb) – reduce, diminish, decrease, lessen.
sure-shot (adjective) – guaranteed; certain to get success (as promised).
address (verb) – tackle, deal with, attend to, try to sort out.
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.
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.
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).
inflation (noun) – simply meaning “cost of living”; an increase of price level of goods & services and vice versa decrease of currency value.
in the first flush of (phrase) – at the starting/beginning of something (new & exciting); in the early time/days of something (new & exciting).
moderate (verb) – lessen, decrease, lower, diminish.
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.
index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
constituent (noun) – component, ingredient, element.
premature (adjective) – early, too soon, too early, before time.
drop one’s guard (phrase) – to become less careful, to become less vigilant, to become less alert.
price gain (noun) – a general increase in the price of something.
for one (phrase) – used to emphasize one’s opinion.
reading (noun) – figure, number, measurement, indication.
elevate (verb) – raise, lift up, buoy up (to a higher position/level).
impart (verb) – give, lend, provide.
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.
month-on-month (adjective) – used to compare data for one month with that in previous months.
nudge (verb) – approach, come close to, get close to, border on, near (a level very closely).
belying present participle of belie (verb) – misrepresent, falsify, distort.
inference (noun) – conclusion, reasoning, conjecture, speculation, assumption.
soften (verb) – make less severe, moderate, mitigate, diminish, decrease, lessen.
speed up (phrasal verb) – advance, increase (speed), accelerate, expedite, hasten.
preceding (adjective) – previous, prior, earlier.
dairy (adjective) – relating to the products made from milk.
acceleration (noun) – increase, rise (in number).
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
on a tear (phrase) – rise quickly.
cool (verb) – lessen, moderate, diminish, reduce.
tranche (noun) – part, section, portion (of something).
vital (adjective) – key, essential, important.
pulses (noun) – pulses are the term used for edible dry peas, beans, lentils, and chickpeas &, etc.
cause for concern (phrase) – a reason to worry (feel anxious).
in the high teens (phrase) – in the range of 16 to 19.
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.
persistent (adjective) – continuous, constant, steady, sustained.
deflation (noun) – a decrease in the general price level of goods and services.
beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
as well as (phrase) – and also, and in addition.
household (noun) – family, house.
ratchet up (phrasal verb) – to increase something by a series of small amounts.
pump price (noun) – the retail selling price of petrol/diesel (to the public).
stick in (verb) – be fixed, remain fixed.
albeit (conjunction) – though, even though, however.
fan (verb) – increase, cause, trigger, intensify.
outlook (noun) – prospects, expectations, hopes, likely improvement, lookout, future.
far from (phrase) – not, not at all.
sanguine (adjective) – optimistic, hopeful, confident, positive, cheerful (particularly in a difficult situation).
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.
The Confederation of Indian Industry (CII) (noun) – It works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.
hover (around) (verb) – remain at a level.
mandated (adjective) – authorized, accepted.
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 mentioned in the Reserve Bank of India Act, 1934.
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.
ultimately (adverb) – eventually, in the end, finally.
far more (phrase) – a lot more, much more.
dampen (verb) – decrease, diminish/lessen, reduce.
sentiment (noun) – thought, view, opinion, point of view, way of thinking.
retard (verb) – delay, slow down, hold back, set back.
bite the bullet (phrase) – to go through a painful or otherwise unpleasant situation that has been delayed and seen as unavoidable beyond certain stage”. It simply means to accept a difficult decision or situation.
abiding (adjective) – enduring, lasting, persisting, constant, steadfast.