India Sees Wholesale inflation at 5.77% in June, highest since 2013
The article reports the increase in Inflation figures since 2013 on account of rising Fuel and Food Prices. Because of the Food and Fuel Inflation contributing to overall Inflation numbers , the Increase in Inflation may last and linger longer.
Topics covered are Interest rates, CPI , WPI , relationship between Interest rates and Inflation, Contractionary Monetary policy , Fiscal Policy and its consequences. Explain using the National output diagrams and discuss the combined effect of Contractionary Monetary and Fiscal policy on Inflation, Economic Growth and unemployment.
Evaluation will include effectiveness of Monetary and Fiscal policy to tackle Inflation and its further effects on Unemployment, Economic Growth , impact on the consumers, producers and society in short term and long term.