CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Wholesale inflation dropped to an 11-Month low at 12.4% in which month?
A
August
B
September
C
July
D
June
Explanation: 

Detailed explanation-1: -Inflation-as measured by the Wholesale Price Index-stood at 12.4% in August compared with 13.9% in July 2022, according to data released by the Ministry of Commerce and Industry on Wednesday.

Detailed explanation-2: -The rate of inflation based on WPI Food Index decreased from 2.17% in November, 2022 to 0.65% in December, 2022.

Detailed explanation-3: -Final index for the month of October, 2022 (Base Year: 2011-12=100): For the month of October, 2022 the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 152.9 and 8.67% respectively.

Detailed explanation-4: -The rate of inflation based on WPI Food Index increased from 9.24% in December, 2021 to 9.55% in January, 2022.

Detailed explanation-5: -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.

There is 1 question to complete.