CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the rate of retail inflation recorded in India in October 2022?
A
7%
B
7.41%
C
6.77%
D
7.79%
Explanation: 

Detailed explanation-1: -The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year. As per the data released by the National Statistical Office (NSO), inflation in the food basket was 4.67 per cent in November, against 7.01 per cent in the previous month.

Detailed explanation-2: -CPI Inflation November, India IIP Data October 2022: Retail inflation eases to a 11-month low of 5.88% in Nov, IIP contracts 4% in Oct, shows Govt data.

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: -Retail inflation was 6.77% in October and 4.91% in November 2021.

Detailed explanation-5: -RPI* inflation was 14.2% in October 2022 (Index: 356.2), up from 12.6% in the year to September.

There is 1 question to complete.