Context: With Covid affecting factory floors, supply needs to be managed — item by item, sector by sector, since it has a direct impact on inflation in the country.
Decoding inflation during pandemic
Factors responsible for a potential rise in future inflation: There are fundamental differences in inflation from the 2020 phase -
Conclusion: The only way to prevent full-blown stagflation is to manage supply — item by item, sector by sector. That is the remit of both the central and state governments.