14 January, 2020
2 Min Read
Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Prelims and Mains focus: about the spike in retail inflation; its causes and implications
News: Retail inflation soared to a five and a half year high of 7.35% in December 2019, with the shortage of onions driving the surge.
The last time retail inflation was this high was the 7.39% recorded in July 2014, just after PM Modi began his first term in office.
What led to this spike in retail inflation?
Inflation targeting by the RBI
Source: The Hindu
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