2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which month did India’s retail inflation record at 6.44% and remain above the RBI’s 6% tolerance threshold for the second consecutive month?
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March
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June
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July
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February
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Explanation:
Detailed explanation-1: -India’s retail inflation edged down slightly to 6.44 per cent in February from January’s three-month high of 6.52 per cent, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday.
Detailed explanation-2: -India’s retail inflation slid below the 6% mark for the first time in 2023-and only the third time in the last 15 months-to touch 5.66% in March 2023.
Detailed explanation-3: -India’s retail inflation fell from 5.66 per cent in March to 4.7 per cent in April, the first time since November 2021 when it fell below 5 per cent. April food inflation has eased further to 3.8 per cent from 4.7 per cent in March.
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