2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
7%
|
|
|
7.41%
|
|
|
6.77%
|
|
|
7.79%
|
Detailed explanation-1: -India’s retail inflation eased sharply to 6.77 per cent on an annual basis in the month of October from 7.41 per cent in September, 2022. The number has remained above RBI’s tolerance band of 2-6 per cent for the 10th consecutive month.
Detailed explanation-2: -This is the first time in 11 months that the retail inflation print has come within the RBI’s tolerance band of 4 (+ /-2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.
Detailed explanation-3: -India CPI Inflation Rate November, IIP Growth October: The country’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to an 11-month low of 5.88 per cent last month, down from 6.77 per cent in October.
Detailed explanation-4: -In 2022, the inflation rate in India was around 6.67 percent compared to the previous year.