2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India’s retail inflation shot up to a six-month high of which percent in May?
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2.3%
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6.3%
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4.3%
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3.3%
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Explanation:
Detailed explanation-1: -Retail inflation at 7.04% in May as against 7.79% 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: -The annual rate of inflation is 15.88% (Provisional) for the month of May, 2022 (over May, 2021) as compared to 13.11% in May, 2021.
Detailed explanation-4: -The country’s retail inflation, which is measured by the consumer price index (CPI), dropped to a 1-year low of 5.72% in Dec. 2022 from 5.88% in Nov. 2022.
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