2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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14.41 percent
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13.41 percent
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12.41 percent
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11.41 per cent
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Detailed explanation-1: -The rate of inflation based on WPI Food Index decreased from 9.93% in August, 2022 to 8.08% in September, 2022.
Detailed explanation-2: -Final index for the month of August, 2022 (Base Year: 2011-12=100): For the month of August, 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 153.2 and 12.48% respectively.
Detailed explanation-3: -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-4: -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-5: -The Labor Department on Tuesday reported its consumer-price index rose 8.3% in August from the same month a year ago, down from 8.5% in July and from 9.1% in June, which was the highest inflation rate in four decades. The CPI measures what consumers pay for goods and services.