ECONOMICS (CBSE/UGC NET)

ECONOMICS

INFLATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In August 2019. the CPI was
A
2.7%
B
4.2%
C
1.7%
D
1.2%
Explanation: 

Detailed explanation-1: -Headline consumer price index (CPI for all urban areas) Annual consumer price inflation was 4, 3% in August 2019, up from 4, 0% in July 2019. The consumer price index increased by 0, 3% month-on-month in August 2019.

Detailed explanation-2: -The all items CPI rose 2.3 percent in 2019. This was larger than the 2018 increase of 1.9 percent and the largest advance since the 3.0-percent rise in 2011. The index rose at a 1.8-percent average annual rate over the last 10 years.

Detailed explanation-3: -The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.8 percent over the last 12 months ending in July to an index level of 256.571 (1982-84=100). For the month, the index rose 0.2 percent prior to seasonal adjustment.

Detailed explanation-4: -CPI inflation was 1.7% in September (Index: 108.5), unchanged from the year to August.

There is 1 question to complete.