A monetary fix for inflation

Confusion remains over the reasons why inflationary pressures in India have not abated. The spread of inflationary pressure from just a basket of commodities and food items to general manufacturing seems to have caught even the Reserve Bank of India (RBI) by surprise. What has caused this acceleration in “core inflation”? Answering this question is key to evaluating RBI’s response and to understanding the desired future course of policy action.

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