2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.3 %
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5.6 %
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7.5 %
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8.6 %
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Detailed explanation-1: -This is the 14th month in a row that wholesale price inflation in India has stayed above the 10% mark. Fuel and power inflation accelerated further to 40.62% in May from 31.8% in March and 38.7% in April.
Detailed explanation-2: -The shock waves spilled over and inflation in India slipped its pre-pandemic moorings, levitating to a peak of 7.8 per cent in April 2022 before easing to an average of 6.8 per cent during May-November 2022.
Detailed explanation-3: -From May 2021 to May 2022, the Consumer Price Index for All Urban Consumers increased 8.6 percent, the largest 12-month increase since the period ending December 1981.
Detailed explanation-4: -The rate of inflation based on WPI Food Index decreased from 2.17% in November, 2022 to 0.65% in December, 2022.
Detailed explanation-5: -The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m. ET.