CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the retail inflation in August in India, as per the official data?
A
7.5 %
B
8.0 %
C
7.0 %
D
6.5 %
Explanation: 

Detailed explanation-1: -India Inflation Rate August 2022, IIP Growth Rate July 2022 Updates: The retail inflation, measured by the Consumer Price Index (CPI), spiked to 7.00 per cent in August.

Detailed explanation-2: -The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022.

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: -Compared to July, inflation rose by 0.1% last month. Most Americans surveyed in a recent Gallup poll say it has had some impact on their finances.

Detailed explanation-5: -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.

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