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Spiralling Inflation in Commodity Sector amidst decelerations: Implications and Explanations

  By T N Jha   Inflation: hanging by the baloon! Conventional wisdom in development literature suggests that recession follows deflation in different measures depending upon whether it is mild or intense. In common parlance, this means, when there is contraction in growth the general price level declines, more so the commodity prices as a result of declining demand. This in ultimate analysis results into a kind of vicious circle of low demand and low investment in the economy. Inevitable consequences are increasing unemployment, low wage levels, mass poverty and further accentuation of... 
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