2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6%
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5%
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4%
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7%
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Detailed explanation-1: -Dec 12 (Reuters) - India’s annual retail inflation eased below its central bank’s upper tolerance level for the first time this year in November, on the back of a softer rise in food prices, easing pressure on policymakers.
Detailed explanation-2: -The Consumer Price Index (CPI) based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021. India’s industrial production rose by 7.1 per cent in November 2022 after contracting in October, according to official data released on Thursday.
Detailed explanation-3: -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-4: -India’s consumer price based inflation eased to an 11-month low of 5.88 per cent in November on an annual basis from 6.77 per cent in October, 2022.
Detailed explanation-5: -While India’s retail inflation rate peaked at 7.8 per cent in April 2022, above the RBI’s upper tolerance limit of 6 per cent, the overshoot of inflation above the upper end of the target range in India was however one of the lowest in the world.