2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.71%
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7.37%
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8.02%
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9.14%
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Detailed explanation-1: -Retail inflation softened to 6.71% in July due to moderation in food prices but remained above the Reserve Bank’s comfort level of 6% for the seventh consecutive month.
Detailed explanation-2: -The number has remained above RBI’s tolerance band of 2-6 percent for the eighth consecutive month. Sequentially, the headline inflation grew by 0.52 percent from 0.46 percent in July. Food inflation in August 2022 came in at 7.62 percent as against 6.75 percent in the preceding month.
Detailed explanation-3: -Final index for the month of July, 2022 (Base Year: 2011-12=100): For the month of July, 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 154.0 and 14.07% respectively.
Detailed explanation-4: -CPI Inflation Rate July, IIP Growth Rate June 2022 Updates: The retail inflation, measured by the Consumer Price Index (CPI), eased to 6.71 per cent in July.
Detailed explanation-5: -The consumer price index for food in India fell to 4.19 percent year-on-year in December 2022. This was the lowest value in 2022.