CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India’s retail inflation surged to how many in April, largely driven by rising fuel and food prices, government data showed?
A
7.79 per cent
B
9.79 per cent
C
5.79 per cent
D
6.79 per cent
Explanation: 

Detailed explanation-1: -Outlook Business Team. Wholesale inflation in April rose to a record high of 15.08 per cent from 14.55 per cent in March due to higher fuel and energy costs, according to government data.

Detailed explanation-2: -By India Today Web Desk: India’s retail inflation surged to an eight-year high of 7.79 per cent in April on annual basis. The retail inflation accelerated mainly due to stubbornly high food prices.

Detailed explanation-3: -Inflation in Household goods and services as well as Miscellaneous items, which indicated that price rise pressures had become all-pervasive and generalised in April, moderated marginally from 7.97% to 6.85% and 8.03% to 6.82%, respectively, in May.

Detailed explanation-4: -India Inflation Rate: Retail inflation at 7.04% in May as against 7.79% in April | India Business News - Times of India.

Detailed explanation-5: -While domestic food price inflation is high globally, consumer food price inflation in India has increased from 0.68% to 8.38% between September 2021 and April 2022.

There is 1 question to complete.