• India Dairy Market Growth Rate, Size, Share, Segmentation, Demand, Key Players and Forecast by 2030

    The India dairy market size was valued at USD 115.57 billion in 2022. The market is projected to grow from USD 124.93 billion in 2023 to USD 227.53 billion by 2030, exhibiting a CAGR of 8.94% during the forecast period. India is one of the largest exporters of dairy products. Major producers in India are Uttar Pradesh, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu. Growing demand for functional dairy products is set to propel the India dairy market share. Fortune Business Insights™ shares this information in its report titled “India Dairy Market, 2019-2030.”

    Segments:

    Owing to Milk Being a Part of Diet of Millions of People, Milk Segment is Set to Lead

    According to type, the market is segmented into milk, cheese, butter, dairy desserts, milk powder, curd & yogurt, cream, and others. Milk held the largest part in the segment as it is an essential part of the diet of billions of people. Rising popularity for natural and farm-sourced milk is likely to increase the demand for milk at a higher pace in India. Thus, due to the popularity of dairy in India, there has been constant efforts taken by dairy entrepreneurs/startups to develop attractive and indulgent flavors to entice consumers.

    With Increasing Number of Convenience Stores, Others Segment to Lead

    According to distribution channel, the market is divided into supermarkets/hypermarkets, specialty retailers, online retail stores, and others. The others segment includes local milk vendors and convenience stores. It is set to dominate due to increasing number of convenience stores across the country and easy availability of dairy products, such as milk, curd, and paneer, at such stores. Specialty retailers are also growing in developing and developed countries due to advantages such as product expertise, customer experience, and wide variety of higher-quality products.

    Drivers and Restraints

    Significant Production of Milk in India to Propel Market Growth

    Significant production of milk in the country is projected to drive the India dairy market growth. The dairy industry has been one of the dynamic sectors in the Indian agricultural industry and has witnessed phenomenal growth in its production and consumption. High availability of milk in the country boosts the production of value-added or processed products such as cheese, butter, curd, yogurt, ghee, and paneer. In addition, milk has a strong demand in Indian households, which drives market growth. The industry in India helps the country in its socioeconomic development.

    However, lack of supply of fodder and emergence of various diseases in cattle are expected to hamper the market expansion.

    Competitive Landscape

    Prospects of New Key Players to Create Competitive Advantage

    With expanding consumption of liquid milk and milk products, the demand for milk has been increasing in the country. Prominent players are expanding their businesses by establishing numerous manufacturing facilities, opening their outlets in different markets, and launching new products. In September 2020, Tata entered into the milk category under its brand Tata NQ and launched skimmed milk powder in a pack of 25kg for institutional customers.

    Key Industry Development

    October 2022: Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) launched the Verka milk and milk products brand in Delhi. The aim of this launch was to offer dairy farmers with maximum support and good prices to these farmers.
    List of Key Players Profiled in the Report

    Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) (India)
    Heritage Foods Limited (India)
    Karnataka Cooperative Milk Producers Federation Limited (India)
    Kwality Milk Foods Ltd (India)
    Milk food Limited (India)
    National Dairy Development Board (India)
    Parag Milk Foods (India)
    Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) (India)
    Rajasthan Cooperative Dairy Federation Ltd (RCDF) (India)
    Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) (India)


    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/india-dairy-market-107416
    India Dairy Market Growth Rate, Size, Share, Segmentation, Demand, Key Players and Forecast by 2030 The India dairy market size was valued at USD 115.57 billion in 2022. The market is projected to grow from USD 124.93 billion in 2023 to USD 227.53 billion by 2030, exhibiting a CAGR of 8.94% during the forecast period. India is one of the largest exporters of dairy products. Major producers in India are Uttar Pradesh, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu. Growing demand for functional dairy products is set to propel the India dairy market share. Fortune Business Insights™ shares this information in its report titled “India Dairy Market, 2019-2030.” Segments: Owing to Milk Being a Part of Diet of Millions of People, Milk Segment is Set to Lead According to type, the market is segmented into milk, cheese, butter, dairy desserts, milk powder, curd & yogurt, cream, and others. Milk held the largest part in the segment as it is an essential part of the diet of billions of people. Rising popularity for natural and farm-sourced milk is likely to increase the demand for milk at a higher pace in India. Thus, due to the popularity of dairy in India, there has been constant efforts taken by dairy entrepreneurs/startups to develop attractive and indulgent flavors to entice consumers. With Increasing Number of Convenience Stores, Others Segment to Lead According to distribution channel, the market is divided into supermarkets/hypermarkets, specialty retailers, online retail stores, and others. The others segment includes local milk vendors and convenience stores. It is set to dominate due to increasing number of convenience stores across the country and easy availability of dairy products, such as milk, curd, and paneer, at such stores. Specialty retailers are also growing in developing and developed countries due to advantages such as product expertise, customer experience, and wide variety of higher-quality products. Drivers and Restraints Significant Production of Milk in India to Propel Market Growth Significant production of milk in the country is projected to drive the India dairy market growth. The dairy industry has been one of the dynamic sectors in the Indian agricultural industry and has witnessed phenomenal growth in its production and consumption. High availability of milk in the country boosts the production of value-added or processed products such as cheese, butter, curd, yogurt, ghee, and paneer. In addition, milk has a strong demand in Indian households, which drives market growth. The industry in India helps the country in its socioeconomic development. However, lack of supply of fodder and emergence of various diseases in cattle are expected to hamper the market expansion. Competitive Landscape Prospects of New Key Players to Create Competitive Advantage With expanding consumption of liquid milk and milk products, the demand for milk has been increasing in the country. Prominent players are expanding their businesses by establishing numerous manufacturing facilities, opening their outlets in different markets, and launching new products. In September 2020, Tata entered into the milk category under its brand Tata NQ and launched skimmed milk powder in a pack of 25kg for institutional customers. Key Industry Development October 2022: Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) launched the Verka milk and milk products brand in Delhi. The aim of this launch was to offer dairy farmers with maximum support and good prices to these farmers. List of Key Players Profiled in the Report Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) (India) Heritage Foods Limited (India) Karnataka Cooperative Milk Producers Federation Limited (India) Kwality Milk Foods Ltd (India) Milk food Limited (India) National Dairy Development Board (India) Parag Milk Foods (India) Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) (India) Rajasthan Cooperative Dairy Federation Ltd (RCDF) (India) Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) (India) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/india-dairy-market-107416
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    India Dairy Market Size, Share, Growth | Statistics Report [2030]
    The India dairy market size is projected to grow from 124.93 billion in 2023 to 227.53 billion by 2030, at a CAGR of 8.94% during the forecast period.
    0 Comments 0 Shares
  • Origin and history of the alluring and proficient Mughal art of Meenakari

    India is known for its rich Indian culture, heritage, and diversity of history not only India is also famous for its alluring craftsmanship which can be seen in its traditional piece of jewellery. The people of India are passionate lovers of a wide range of jewellery like meenakari jewellery, Diamond jewellery, gold jewellery and an endless list of jewellery. From film stars to normal households the first choice of jewellery for the wedding is Meenakari bridal jewellery.

    #Meenakaribridaljewellery
    #Kundanmeenakaribangles
    #Traditionaljewelleryset
    #Customizedimitationjewellery

    Read More:- https://rb.gy/brnk4y
    Origin and history of the alluring and proficient Mughal art of Meenakari India is known for its rich Indian culture, heritage, and diversity of history not only India is also famous for its alluring craftsmanship which can be seen in its traditional piece of jewellery. The people of India are passionate lovers of a wide range of jewellery like meenakari jewellery, Diamond jewellery, gold jewellery and an endless list of jewellery. From film stars to normal households the first choice of jewellery for the wedding is Meenakari bridal jewellery. #Meenakaribridaljewellery #Kundanmeenakaribangles #Traditionaljewelleryset #Customizedimitationjewellery Read More:- https://rb.gy/brnk4y
    RB.GY
    Origin and history of the alluring and proficient Mughal art of Meenakari
    jeIndia is known for its rich Indian culture, heritage, and diversity of history not only India is also famous for its alluring craftsmanship which can be seen in its traditional p
    0 Comments 0 Shares
  • Unleashing The Power Of Chunky Chocolate Square Healthy Crackers: All You Need To Know

    Healthy snacking options are a top priority for many people, and crackers are a staple in most households. But what if you could have a cracker that not only satisfies your cravings but also provides a range of health benefits? This is where chunky chocolate square healthy crackers come into the picture. In this article, we will take a closer look at what these crackers are and what makes them such a great choice for anyone looking for a healthier snack option. Click Here:- https://newsarchy.com/unleashing-the-power-of-chunky-chocolate-square-healthy-crackers-all-you-need-to-know/

    Unleashing The Power Of Chunky Chocolate Square Healthy Crackers: All You Need To Know Healthy snacking options are a top priority for many people, and crackers are a staple in most households. But what if you could have a cracker that not only satisfies your cravings but also provides a range of health benefits? This is where chunky chocolate square healthy crackers come into the picture. In this article, we will take a closer look at what these crackers are and what makes them such a great choice for anyone looking for a healthier snack option. Click Here:- https://newsarchy.com/unleashing-the-power-of-chunky-chocolate-square-healthy-crackers-all-you-need-to-know/
    0 Comments 0 Shares
  • Key Segments Covered in the Used Cooking Oil Market Report are By Source are Food Services and Households and By Applications are Industrial Usage, Animal Feed , and others
    https://www.fortunebusinessinsights.com/used-cooking-oil-market-103665

    Key Segments Covered in the Used Cooking Oil Market Report are By Source are Food Services and Households and By Applications are Industrial Usage, Animal Feed , and others https://www.fortunebusinessinsights.com/used-cooking-oil-market-103665
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Used Cooking Oil Market Size, Growth | Global Report [2028]
    The global used cooking oil market is projected to grow from $5.97 billion in 2021 to $10.08 billion in 2028 at a CAGR of 7.76% in forecast period, 2021-2028
    0 Comments 0 Shares
  • Bank of America Login

    Bank of America is the oldest bank in the United States, dating back 240 years. With the integration of NationsBank and BankAmerica in 1998, Bank of America became the first famous coast-to-coast bank in America. Now it is a worldwide financial services company that caters to every two households in the U.S. It serves around sixty-six million users and small business customers via its 4,300 branches. Bank of America login is the top American bank in consumer deposit market share and is the leading small business lender. Also, It doesn't charge low minimums to register savings or to check accounts.

    visit here:-
    https://sites.google.com/bankologi.com/bankofamericalogin/
    https://sites.google.com/bankologi.com/bankofamerica-login/
    https://sites.google.com/bankologi.com/bank-of-america-login/
    Bank of America Login Bank of America is the oldest bank in the United States, dating back 240 years. With the integration of NationsBank and BankAmerica in 1998, Bank of America became the first famous coast-to-coast bank in America. Now it is a worldwide financial services company that caters to every two households in the U.S. It serves around sixty-six million users and small business customers via its 4,300 branches. Bank of America login is the top American bank in consumer deposit market share and is the leading small business lender. Also, It doesn't charge low minimums to register savings or to check accounts. visit here:- https://sites.google.com/bankologi.com/bankofamericalogin/ https://sites.google.com/bankologi.com/bankofamerica-login/ https://sites.google.com/bankologi.com/bank-of-america-login/
    SITES.GOOGLE.COM
    Bank of America Login | Bank of America Online Banking
    Bank of America Login | Bank of America Online Banking Bank of America is the oldest bank in the United States, dating back 240 years. With the integration of NationsBank and BankAmerica in 1998, Bank of America became the first famous coast-to-coast bank in America. Now it is a worldwide
    0 Comments 0 Shares
  • Who does the best tv repair dubai?
    Even though they didn't appear necessary at the turn of the century, great progress has been achieved since then, and they unquestionably are now. The television is one of them; it is now an essential part of any living area. You've all probably enjoyed watching television at some point in your past. Television sets today differ greatly from one another. Our walls' earlier, more understated displays have developed into mammoth screens. Since televisions were initially introduced in households, the TV repair Dubai has grown. To contact us at call +97145864033.
    https://atdoorstep.ae/dubai/television-repair
    Who does the best tv repair dubai? Even though they didn't appear necessary at the turn of the century, great progress has been achieved since then, and they unquestionably are now. The television is one of them; it is now an essential part of any living area. You've all probably enjoyed watching television at some point in your past. Television sets today differ greatly from one another. Our walls' earlier, more understated displays have developed into mammoth screens. Since televisions were initially introduced in households, the TV repair Dubai has grown. To contact us at call +97145864033. https://atdoorstep.ae/dubai/television-repair
    0 Comments 0 Shares
  • <p><span style="font-weight: 400;">The brand-new office and retail building, </span><a href="https://salesorion132.com/"><strong>Orion One32</strong></a><span style="font-weight: 400;"> Noida, is located on the Noida Expressway in Sector 132, Noida, and connects you with Greater Noida and the Yamuna Expressway. With all the modern technology to rethink conventional company strategies for the modern workforce, the IT business park is remarkable.</span></p>
    <p><span style="font-weight: 400;">For those investors seeking exhilarating investment returns, </span><strong>Orion 132</strong><span style="font-weight: 400;"> offers real estate possibilities starting from Rs. 25 lakh. Shops in </span><strong>Orion 132</strong><span style="font-weight: 400;"> Sector-132 provide significant foot traffic and optimum exposure.</span></p>
    <p><span style="font-weight: 400;">The </span><a href="https://salesorion132.com/"><strong>Orion132</strong></a><span style="font-weight: 400;"> structure has been purposely created using steel frame technology and is perfect for BPOs, multinational corporations, collaborative spaces, KPOs, and corporates.</span></p>
    <p><span style="font-weight: 400;">Modern collaboration spaces are offered by Wellgrow (Infotech Private Limited), one of the renowned real estate builders that are famous for its IT technology business spaces. They focused on quality projects in the given time sphere. It makes them different from others.</span></p>
    <p><a href="https://salesorion132.com/"><strong>Orion 132</strong></a><span style="font-weight: 400;"> is the only IT &amp; Retail project in the heart of Noida with all the amenities for work-life balance. Also nearby is the closest Metro Station. </span><strong>Orion one32</strong><span style="font-weight: 400;"> covers 10 acres of space in which they offer it and high-street retail The planned client base of millions of households who previously resided in close proximity to environmental factors is supposed to be served.</span></p>
    <p><span style="font-weight: 400;">The </span><a href="https://salesorion132.com/"><strong>Orion One32</strong></a><span style="font-weight: 400;"> is outstanding and comes with all the necessary amenities. such as constant power and water backup, elevators, high-tech security, effective fire fighting systems, parking, and in-house commercial and food court.</span></p>
    <p><strong>Orion132</strong><span style="font-weight: 400;"> is equipped with every feature needed to develop successful equations in the near future. A large central atrium with a lake, a cutting-edge circulation, and management system, and more.</span></p>
    <p><strong>Orion One32</strong><span style="font-weight: 400;"> has two towers and has modern elements, including THE FREEPORT RETAIL, a brand-new retail concept for India. With 29 years of lease</span></p>
    <p><span style="font-weight: 400;">In the </span><a href="https://salesorion132.com/"><strong>Orion 132</strong></a><span style="font-weight: 400;"> office tower's development, they provide 19 stories. The development's layout is equipped with an Intelligent Building Management System (IBMS) to cater to all the needs of the customers. </span></p>
    <p><span style="font-weight: 400;">The brand-new office and retail building, </span><a href="https://salesorion132.com/"><strong>Orion One32</strong></a><span style="font-weight: 400;"> Noida, is located on the Noida Expressway in Sector 132, Noida, and connects you with Greater Noida and the Yamuna Expressway. With all the modern technology to rethink conventional company strategies for the modern workforce, the IT business park is remarkable.</span></p> <p><span style="font-weight: 400;">For those investors seeking exhilarating investment returns, </span><strong>Orion 132</strong><span style="font-weight: 400;"> offers real estate possibilities starting from Rs. 25 lakh. Shops in </span><strong>Orion 132</strong><span style="font-weight: 400;"> Sector-132 provide significant foot traffic and optimum exposure.</span></p> <p><span style="font-weight: 400;">The </span><a href="https://salesorion132.com/"><strong>Orion132</strong></a><span style="font-weight: 400;"> structure has been purposely created using steel frame technology and is perfect for BPOs, multinational corporations, collaborative spaces, KPOs, and corporates.</span></p> <p><span style="font-weight: 400;">Modern collaboration spaces are offered by Wellgrow (Infotech Private Limited), one of the renowned real estate builders that are famous for its IT technology business spaces. They focused on quality projects in the given time sphere. It makes them different from others.</span></p> <p><a href="https://salesorion132.com/"><strong>Orion 132</strong></a><span style="font-weight: 400;"> is the only IT &amp; Retail project in the heart of Noida with all the amenities for work-life balance. Also nearby is the closest Metro Station. </span><strong>Orion one32</strong><span style="font-weight: 400;"> covers 10 acres of space in which they offer it and high-street retail The planned client base of millions of households who previously resided in close proximity to environmental factors is supposed to be served.</span></p> <p><span style="font-weight: 400;">The </span><a href="https://salesorion132.com/"><strong>Orion One32</strong></a><span style="font-weight: 400;"> is outstanding and comes with all the necessary amenities. such as constant power and water backup, elevators, high-tech security, effective fire fighting systems, parking, and in-house commercial and food court.</span></p> <p><strong>Orion132</strong><span style="font-weight: 400;"> is equipped with every feature needed to develop successful equations in the near future. A large central atrium with a lake, a cutting-edge circulation, and management system, and more.</span></p> <p><strong>Orion One32</strong><span style="font-weight: 400;"> has two towers and has modern elements, including THE FREEPORT RETAIL, a brand-new retail concept for India. With 29 years of lease</span></p> <p><span style="font-weight: 400;">In the </span><a href="https://salesorion132.com/"><strong>Orion 132</strong></a><span style="font-weight: 400;"> office tower's development, they provide 19 stories. The development's layout is equipped with an Intelligent Building Management System (IBMS) to cater to all the needs of the customers. </span></p>
    0 Comments 0 Shares
  • Global Baby Indoor Products Market Outlook, 2026 Is Anticipated To Grow At A CAGR Of More Than 3% In Value Terms In The Forecast Period.
    According to the report title, “Global Baby Indoor Products Market Outlook, 2026”, Baby indoor products are non-necessity baby discretionary products that have a relatively inelastic demand as compared to other baby products. The purchase patterns, therefore, are greatly influenced by spending power and disposable income with households, which restricted the market growth at 3.08% in the period 2015-2020. The regional trends in the global baby indoor products market when aggregated together have trends and dynamics similar to other baby and juvenile care product markets. By the end of the forecasted period, the baby indoor products market is likely to cross a market value of USD 14456.61 Million. Some of these products are not only preferred by the developed countries but are also in the low economic countries. With the increase in women's employment, these products have witnessed ample demand. The supply chain management in under developing countries facilitates market growth. The baby rockers and bouncers are the equipment that provides a safe & entertaining space for the baby while the parents are occupied with their work. These devices usually have three partsseats, an arch for supporting the baby’s back, and a strap to secure the baby. This has made it possible for this segment of product to lead the market, with a share of less than 30%. Few rockers and bouncers have hooks to attach toys to keep the baby entertained.
    https://www.actualmarketresearch.com/samplereport/211019281/global-baby-indoor-products-market

    Global Baby Indoor Products Market Outlook, 2026 Is Anticipated To Grow At A CAGR Of More Than 3% In Value Terms In The Forecast Period. According to the report title, “Global Baby Indoor Products Market Outlook, 2026”, Baby indoor products are non-necessity baby discretionary products that have a relatively inelastic demand as compared to other baby products. The purchase patterns, therefore, are greatly influenced by spending power and disposable income with households, which restricted the market growth at 3.08% in the period 2015-2020. The regional trends in the global baby indoor products market when aggregated together have trends and dynamics similar to other baby and juvenile care product markets. By the end of the forecasted period, the baby indoor products market is likely to cross a market value of USD 14456.61 Million. Some of these products are not only preferred by the developed countries but are also in the low economic countries. With the increase in women's employment, these products have witnessed ample demand. The supply chain management in under developing countries facilitates market growth. The baby rockers and bouncers are the equipment that provides a safe & entertaining space for the baby while the parents are occupied with their work. These devices usually have three partsseats, an arch for supporting the baby’s back, and a strap to secure the baby. This has made it possible for this segment of product to lead the market, with a share of less than 30%. Few rockers and bouncers have hooks to attach toys to keep the baby entertained. https://www.actualmarketresearch.com/samplereport/211019281/global-baby-indoor-products-market
    WWW.ACTUALMARKETRESEARCH.COM
    Sample Request - Global Baby Indoor Products Market | Industry Analysis & Trends
    Global Baby Indoor Products Market is anticipated to cross a market size of USD 14456.61 Million by 2026. This report consist industry trends & major growing factors.
    1
    0 Comments 0 Shares
  • A number of households miss meals, and new 15% inflation is expected for the summer alone

    https://world-signals.com/news/2022/06/18/a-number-of-households-miss-meals-and-new-15-inflation-is-expected-for-the-summer-alone/
    #news #politics #crisis #unitedkingdom #inflation #foodshortages #food #industry
    A number of households miss meals, and new 15% inflation is expected for the summer alone https://world-signals.com/news/2022/06/18/a-number-of-households-miss-meals-and-new-15-inflation-is-expected-for-the-summer-alone/ #news #politics #crisis #unitedkingdom #inflation #foodshortages #food #industry
    0 Comments 0 Shares
  • ---The Costs & Burdens of Inflation and It's Relationship to Policy---

    Heightened inflation in 2021 has come at a tremendous cost to American workers and families—particularly those in lower income brackets. While the Administration spins these costs and supply disruptions as a positive side effect of rising demand—after having dismissed and ignored them for much of the year—the real wage for the average worker has plummeted, and consumer prices are on pace to rise in 2021 at the highest rate in 4 decades (Flood, 2021). President Biden and his Administration’s failure to signal their understanding and knowledge of the costs of inflation, and the possible link between inflation and certain fiscal policies, is a sign that they remain disconnected from and unconcerned with the livelihood of American citizens. The Administration’s constantly evolving position and understanding of inflation gives little confidence that they will formulate appropriate fiscal policy moving forward.

    Two macroeconomic phenomena—inflation and stagnating output growth—have garnered the interest and concern of both the public and policymakers. Understanding the dynamics of both these economic forces and how large a threat they potentially pose to American workers and families should be a key step before any major government spending or regulatory actions are undertaken, as such policy interventions could further threaten the fragile economic recovery.

    The [Biden] Administration began the year dismissing inflation concerns, shifted quickly to insistence that high inflation would pass quickly with little effect, and has now settled on a view that while high inflation may persist into 2022, it is a necessary consequence of their desired policy objectives.

    As of September, CPI inflation has reached a 6.5 percent annualized rate in the first 9 months of 2021. Should consumer prices continue to rise at this average rate through the end of the year, 2021 will mark the highest inflation rate for any calendar year since 1981

    Amidst continued supply chain disruptions, producer prices continue to climb at a high rate. As of September, the producer price index (PPI) had risen at a 10.7 percent annual rate in the first 9 months of 2021, relative to an increase in the CPI over the same period of 6.5 percent. While the year-over-year growth rate in the CPI has stalled, albeit at a very high rate, in the past few months, the year-over-year change in the PPI has continued to rise.

    Research has suggested that the PPI may have some positive effect on the CPI (Li et al., 2019). What is certain is that the continued supply chain disruptions, as well as a shortage of willing and qualified workers, are risks for greater inflationary pressure. Indeed, the net share of small businesses reporting that they plan to raise prices in the next 3 months reached a record high of 49 percent in August and remained elevated at 46 percent in September (NFIB, 2021).

    For all the damage that high inflation can inflict on the economy overall, even more troublesome is the fact that it disproportionately affects the most vulnerable in society who have little recourse to escape its harmful consequences. The burden of rising inflation falls most heavily on families who spend a higher fraction of their income instead of saving—namely, low-income households (Dynan et al., 2004).

    The renowned economist Milton Friedman once noted that “inflation is always and everywhere a monetary phenomenon” (Friedman, 1992). Put another way, whoever controls the money supply controls inflation, or at least has considerable leverage over it. In most developed economies, that responsibility resides with the central bank, just as it has in the United States for over a century since the establishment of the Federal Reserve. Historically, America’s commitment to central bank independence, fiscal solvency, and strong economic growth has given the Federal Reserve the tools—if not always the will—to maintain overall price stability regardless of the fiscal policy tax and spending plans pursued by Congress and the President.

    While the Federal Reserve can hike interest rates to counteract this inflationary pressure, the consequence will be higher borrowing costs for American families. Thus, if the Federal Reserve chooses to respond passively to current fiscal policy actions, the big government socialism bill promises families higher inflation. If the Federal Reserve actively intervenes to keep inflation in check through interest rate hikes, the result is more expensive credit, making it more difficult for families to purchase vehicles, appliances, and even houses if mortgage markets perceive the hike in interest rates to be persistent. In other words, the prospect for households is “heads inflation wins, and tails households lose,” with costs of living rising in one form or another regardless. The big government socialism bill would compound this pain by acting as a massive negative supply shock to the economy through its combination of punishing tax hikes that discourage productive activity and starve the private sector of resources needed for investment and hiring. Such a shock could be reminiscent of the stagflation that the U.S. experienced in the 1970s, in direction if not in magnitude. On the one hand, the deterioration in the supply-side of the economy would itself contribute to higher inflation—as America has been witnessing over the past several months with ongoing labor shortages and supply chain disruptions. On the other hand, the Federal Reserve might be prompted to act aggressively sooner to stem such inflation by hiking interest rates, thereby raising borrowing costs and putting a damper on short-term growth prospects.

    As troubling as these prospects are for American families, the deterioration in America’s long-term fiscal position due to the big government socialism bill could produce higher inflation for longer if the Federal Reserve becomes convinced that the only way to maintain a manageable debt servicing burden in the face of a spendthrift legislative and executive branch is to keep interest rates lower for longer regardless of rising prices. Such an outcome would reflect 2011 Nobel Prize winner Thomas Sargent’s assertion that “persistent high inflation is always and everywhere a fiscal phenomenon” (Eusepi & Preston, 2018). While seemingly at odds with Milton Friedman’s earlier quote, both statements can simultaneously be true. In short, reckless fiscal policy can put the Federal Reserve in the position where it feels the need to tolerate persistent inflation, thus effectively ceding some of its independence to irresponsible legislative and executive branches.


    https://americafirstpolicy.com/latest/the-costs-and-burdens-of-inflation-and-its-relationship-to-policy?eType=EmailBlastContent&eId=dab6631c-91c4-4d58-b8d9-74ed2b2adfb3
    #inflation #stagflation #monetaryPolicy #moneySupply #federalReserve #supplyChains #cpi #ppi #afpi
    ---The Costs & Burdens of Inflation and It's Relationship to Policy--- Heightened inflation in 2021 has come at a tremendous cost to American workers and families—particularly those in lower income brackets. While the Administration spins these costs and supply disruptions as a positive side effect of rising demand—after having dismissed and ignored them for much of the year—the real wage for the average worker has plummeted, and consumer prices are on pace to rise in 2021 at the highest rate in 4 decades (Flood, 2021). President Biden and his Administration’s failure to signal their understanding and knowledge of the costs of inflation, and the possible link between inflation and certain fiscal policies, is a sign that they remain disconnected from and unconcerned with the livelihood of American citizens. The Administration’s constantly evolving position and understanding of inflation gives little confidence that they will formulate appropriate fiscal policy moving forward. Two macroeconomic phenomena—inflation and stagnating output growth—have garnered the interest and concern of both the public and policymakers. Understanding the dynamics of both these economic forces and how large a threat they potentially pose to American workers and families should be a key step before any major government spending or regulatory actions are undertaken, as such policy interventions could further threaten the fragile economic recovery. The [Biden] Administration began the year dismissing inflation concerns, shifted quickly to insistence that high inflation would pass quickly with little effect, and has now settled on a view that while high inflation may persist into 2022, it is a necessary consequence of their desired policy objectives. As of September, CPI inflation has reached a 6.5 percent annualized rate in the first 9 months of 2021. Should consumer prices continue to rise at this average rate through the end of the year, 2021 will mark the highest inflation rate for any calendar year since 1981 Amidst continued supply chain disruptions, producer prices continue to climb at a high rate. As of September, the producer price index (PPI) had risen at a 10.7 percent annual rate in the first 9 months of 2021, relative to an increase in the CPI over the same period of 6.5 percent. While the year-over-year growth rate in the CPI has stalled, albeit at a very high rate, in the past few months, the year-over-year change in the PPI has continued to rise. Research has suggested that the PPI may have some positive effect on the CPI (Li et al., 2019). What is certain is that the continued supply chain disruptions, as well as a shortage of willing and qualified workers, are risks for greater inflationary pressure. Indeed, the net share of small businesses reporting that they plan to raise prices in the next 3 months reached a record high of 49 percent in August and remained elevated at 46 percent in September (NFIB, 2021). For all the damage that high inflation can inflict on the economy overall, even more troublesome is the fact that it disproportionately affects the most vulnerable in society who have little recourse to escape its harmful consequences. The burden of rising inflation falls most heavily on families who spend a higher fraction of their income instead of saving—namely, low-income households (Dynan et al., 2004). The renowned economist Milton Friedman once noted that “inflation is always and everywhere a monetary phenomenon” (Friedman, 1992). Put another way, whoever controls the money supply controls inflation, or at least has considerable leverage over it. In most developed economies, that responsibility resides with the central bank, just as it has in the United States for over a century since the establishment of the Federal Reserve. Historically, America’s commitment to central bank independence, fiscal solvency, and strong economic growth has given the Federal Reserve the tools—if not always the will—to maintain overall price stability regardless of the fiscal policy tax and spending plans pursued by Congress and the President. While the Federal Reserve can hike interest rates to counteract this inflationary pressure, the consequence will be higher borrowing costs for American families. Thus, if the Federal Reserve chooses to respond passively to current fiscal policy actions, the big government socialism bill promises families higher inflation. If the Federal Reserve actively intervenes to keep inflation in check through interest rate hikes, the result is more expensive credit, making it more difficult for families to purchase vehicles, appliances, and even houses if mortgage markets perceive the hike in interest rates to be persistent. In other words, the prospect for households is “heads inflation wins, and tails households lose,” with costs of living rising in one form or another regardless. The big government socialism bill would compound this pain by acting as a massive negative supply shock to the economy through its combination of punishing tax hikes that discourage productive activity and starve the private sector of resources needed for investment and hiring. Such a shock could be reminiscent of the stagflation that the U.S. experienced in the 1970s, in direction if not in magnitude. On the one hand, the deterioration in the supply-side of the economy would itself contribute to higher inflation—as America has been witnessing over the past several months with ongoing labor shortages and supply chain disruptions. On the other hand, the Federal Reserve might be prompted to act aggressively sooner to stem such inflation by hiking interest rates, thereby raising borrowing costs and putting a damper on short-term growth prospects. As troubling as these prospects are for American families, the deterioration in America’s long-term fiscal position due to the big government socialism bill could produce higher inflation for longer if the Federal Reserve becomes convinced that the only way to maintain a manageable debt servicing burden in the face of a spendthrift legislative and executive branch is to keep interest rates lower for longer regardless of rising prices. Such an outcome would reflect 2011 Nobel Prize winner Thomas Sargent’s assertion that “persistent high inflation is always and everywhere a fiscal phenomenon” (Eusepi & Preston, 2018). While seemingly at odds with Milton Friedman’s earlier quote, both statements can simultaneously be true. In short, reckless fiscal policy can put the Federal Reserve in the position where it feels the need to tolerate persistent inflation, thus effectively ceding some of its independence to irresponsible legislative and executive branches. https://americafirstpolicy.com/latest/the-costs-and-burdens-of-inflation-and-its-relationship-to-policy?eType=EmailBlastContent&eId=dab6631c-91c4-4d58-b8d9-74ed2b2adfb3 #inflation #stagflation #monetaryPolicy #moneySupply #federalReserve #supplyChains #cpi #ppi #afpi
    0 Comments 0 Shares

No results to show

No results to show

No results to show

No results to show