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The Resurgence of Inflation*
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Apr 26th 2021, Prabhat Patnaik
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The
official wholesale price index for March 2021 is 7.39
% higher than that for March 2020. Such a high rate
of inflation has not been seen in India for over 8 years.
The country is clearly witnessing an inflationary upsurge
and it has been building up for some time.
*
This article was originally published in People's
Democracy on April
25, 2021.
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