CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much was India’s retail inflation in June 2021?
A
6.24 percent
B
6.25 percent
C
6.26 percent
D
6.27 percent
Explanation: 

Detailed explanation-1: -Retail inflation eases to 6.71% in July; IIP grows 12.3% in June - Times of India.

Detailed explanation-2: -"Year-on-year inflation for the month stood at 6.16 per cent compared to 6.97 per cent for the previous month (May 2022) and 5.57 per cent during the corresponding month (June 2021) a year before, ” a labour ministry statement said.

Detailed explanation-3: -India’s retail inflation has been above RBI’s upper tolerance limit of 6% for eight consecutive months. India’s retail inflation inched up to 7% in August from 6.71% in July mainly due to higher food prices, government data showed on Monday.

Detailed explanation-4: -RPI inflation was 3.9% in June 2021 (Index: 304.0), up from 3.3% in the year to May 2021.

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