CURRENT AFFAIRS

Detailed explanation-1: -Consumers in Telangana, West Bengal and Sikkim faced the steepest spike in prices, with their combined retail inflation for rural and urban areas averaging 8.32%, 8.06%, and 8.01%, respectively.

Detailed explanation-2: -States that recorded inflation rate higher than the national average are Andhra Pradesh (8.06%), Gujarat (7.95%), Haryana (7.95%), Madhya Pradesh (8.65%), Maharashtra (8.03%), Odisha (8.06%), Rajasthan (7.45%), Telangana (8.67%), Uttar Pradesh (7.79%) and West Bengal (9.44%).

Detailed explanation-3: -HYDERABAD: Telangana has the highest rate of overall inflation in the country based on the Consumer Price Index (CPI) as per Ministry of Statistics and Programme Implementation.As per the Ministry, Telangana’s inflation rate in October stood at 8.82%, with rural inflation at 9.47% and 8.23% in urban areas.

Detailed explanation-4: -Though Kerala is among the states that witness the lowest inflation rate in the country, this is the highest rate that the state recorded in the last one year.

Detailed explanation-5: -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.