2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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14.33
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14.34
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14.23
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14.35
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Detailed explanation-1: -After remaining in double digits for 19 months, the wholesale price index (WPI) based inflation declined to 8.39 per cent in October. The inflation was 14.87 per cent in November 2021.
Detailed explanation-2: -The WPI in November 2021 was 14.87 per cent.
Detailed explanation-3: -Retail inflation was 6.77% in October and 4.91% in November 2021. Retail inflation dipped below the RBI’s upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief but the central bank may wait for more data before pausing hikes in interest rates.
Detailed explanation-4: -The rate of inflation based on WPI Food Index decreased from 6.48% in October, 2022 to 2.17% in November, 2022.
Detailed explanation-5: -The Wholesale Price Index (WPI)-based inflation was 5.85% in November 2022 and 14.27% in December 2021.