2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0.5 percent
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0.2 percent
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0.6 percent
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0.9 percent
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Detailed explanation-1: -Headline CPI inflation declined to 3.4 per cent in 2018-19 from 3.6 per cent in 2017-18, 4.5 per cent in 2016-17, 4.9 per cent in 2015-16 and 5.9 per cent in 2014-15.
Detailed explanation-2: -WPI= (Current Price / Base Period Price) × 100 Let us now understand this wpi formula with the help of an example. Suppose, the total price of goods in the current year (2016) is INR 3, 500. To calculate the change in prices, we consider 2010 as the Base Year. The total price of goods in the base year is INR 2, 000.
Detailed explanation-3: -The annual wholesale price inflation rate in India declined to 4.95 percent in December 2022 from 5.85 percent in the previous month, less than the market forecasts of 5.6 percent.
Detailed explanation-4: -The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022.