2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.85 %
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6.85 %
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5.85 %
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3.85 %
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Detailed explanation-1: -5. Final index for the month of February, 2022 (Base Year: 2011-12=100): For the month of February, 2023, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 150.9 and 3.85% respectively.
Detailed explanation-2: -The retail inflation based on Consumer Price Index (CPI) was 6.44 percent in February 2023 and 6.95 percent in the year-ago period.
Detailed explanation-3: -The Wholesale Price Index (WPI)-based inflation declined to a 25-month low of 3.85 per cent in February 2023 on easing prices of manufactured items and fuel and power, government data showed on Tuesday. This is the ninth straight month of decline in WPI-based inflation.
Detailed explanation-4: -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%.