2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.16%
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2%
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2.26%
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5%
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Detailed explanation-1: -As a result, inflation edged closer to the upper limit of the Reserve Bank of India’s (RBI) target range of 2.0%–6.0%. Wholesale prices fell 0.57% in February compared to the previous month, after falling 0.08% in January. Wholesale price inflation, meanwhile, slowed to 2.3% in February from 3.1% in January.
Detailed explanation-2: -The index for this major group increased by (1.40%) to 123.0 (provisional) in December, 2020 from 121.3 (provisional) for the month of November, 2020.
Detailed explanation-3: -The rate of inflation based on WPI Food Index decreased from 9.55% in January, 2022 to 8.47% in February, 2022.
Detailed explanation-4: -The rate of inflation based on WPI Food Index decreased from 5.78% in October, 2020 to 4.27% in November, 2020.
Detailed explanation-5: -4. Month over Month Change in Major Groups of WPI: Primary Articles (Weight 22.62%):- The index for this major group declined by (-1.67%) to 165.0 (provisional) in January, 2022 from 167.8 (provisional) for the month of December, 2021.