Q.3 What are the issues with the use of monetary policy instruments to deal with the food-prices-driven inflation? Suggest the way forward. (10 Marks)

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https://www.thehindu.com/opinion/op-ed/the-cost-of-misrepresenting-inflation/article65661880.ece
In the intro, mention the issue of rising inflation in the world.
In the body, mention the case with India in which inflation is driven by rising food prices. In the next part, mention that the use of monetary policy for curbing the inflation driven by food prices harms the economy and the poor while doing little to bring down the food prices.
Conclude by mentioning the need to focus on the supply side constraints to bring down the prices.

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