Q Why is it in News ?
A Inflation for the last four months has been worryingly high. This is happening at a time when demand has been down, unemployment has been high, many have lost incomes and poverty has aggravated.
Q Issues with the recent inflation data?
A
Q What is Impact of the inflation ?
A
Q What are Factors leading to inflation ?
A
Q How can it be concluded ?
A
The current official inflation rate does not correctly measure price rise since the lockdown administered a shock to the economy. The method of calculating it needed modification.