2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.95 %
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7.20 %
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5.85 %
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5.20 %
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Detailed explanation-1: -India’s retail inflation jumped to a 17-month high of 6.95 per cent in March 2022, according to data released by the Ministry of Statistics and Programme Implementation.
Detailed explanation-2: -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-3: -Synopsis. India’s retail inflation rate based on Consumer Price Index is expected to remain below RBI’s comfort zone of 6% and will decline materially to 5% by March 2023, said SBI Research in its latest Ecowrap report. For January-March 2023, the average retail inflation is seen at 4.7%.
Detailed explanation-4: -The annual rate of inflation is 14.55% (Provisional) for the month of March, 2022 (over March, 2021) as compared to 7.89% in March, 2021.