2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the current inflation rate in India as of April 2023?
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5.66%
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4.65%
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4.86%
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6.34%
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Explanation:
Detailed explanation-1: -Annual inflation rate in India slowed sharply to 4.7% in April of 2023, the lowest since October of 2021, from 5.7% in March, and slightly below forecasts of 4.8%.
Detailed explanation-2: -During the observation period from 1960 to 2021, the average inflation rate was 7.5% per year. Overall, the price increase was 7, 704.85%. An item that cost 100 rupees in 1960 costs 7, 804.85 rupees at the beginning of 2022. For March 2023, the year-over-year inflation rate was 5.8%.
Detailed explanation-3: -Core inflation averaged 3.00% per year between 2016 and 2023 (vs all-CPI inflation of 3.40%), for an inflation total of 23.01%.
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