2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.0%
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5.3%
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6.3%
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3.5%
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Detailed explanation-1: -Global consumer price inflation is projected by the IMF to increase from 4.7 per cent in 2021 to 8.3 per cent in 2022. These global stagflationary impulses can impact domestic growth and inflation through multiple channels. First, lower external demand drags down export demand and overall domestic demand and growth.
Detailed explanation-2: -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.
Detailed explanation-3: -The annual rate of inflation based on all India Wholesale Price Index (WPI) falls to 4.95% (Provisional) for the month of December, 2022 (over December, 2021) against 5.85% recorded in November, 2022.
Detailed explanation-4: -By current projections, inflation is forecast to average 6.7 per cent in 2022-23 and 5.2 per cent in the first half of 2023-24.
Detailed explanation-5: -Headline inflation, on the other hand, remains elevated and above the upper tolerance band of the target. As per current projections, headline CPI is expected to moderate to 5.8 per cent in Q4 of 2022-23 and further to 5.0 per cent in Q1 of 2023-24.