‘Revenge rebound in spending’ generalising price pressures: RBI paper
A “revenge rebound” in spending is generalising price pressures and making them persistent as impact of initial inflationary pressure, delivered by successive supply shocks, have waned, said a Reserve Bank of India paper on Tuesday. The paper, that analysed inflation trajectory in the country after February 2022, said that supply-side shocks resulting from the Russia-Ukraine … Read more