Imported Inflation
- Recently, the Asian Development Bank warned that India could face imported inflation as the Rupee could depreciate amid the rise of interest rates in the west.
- Imported inflation refers to the increase in prices of goods and services in a country caused by an increase in the price or cost of imports into the country.
- This phenomenon can lead to higher overall inflation in the economy.
- A significant factor contributing to imported inflation is the depreciation of a country's currency.
- When the local currency depreciates, it becomes more expensive to purchase foreign goods and services, leading to higher import costs and potentially higher prices ....
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