ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One percent or less
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Two to three percent
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Four to five percent
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Six to seven percent
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Detailed explanation-1: -The annual inflation rate for the United States is 6.4% for the 12 months ended January 2023 after rising 6.5% previously, according to U.S. Labor Department data published Feb. 14. The next inflation update is scheduled for release on March 14 at 8:30 a.m. ET.
Detailed explanation-2: -World inflation rate for 2021 was 3.50%, a 1.57% increase from 2020. World inflation rate for 2020 was 1.92%, a 0.27% decline from 2019. World inflation rate for 2019 was 2.19%, a 0.25% decline from 2018. World inflation rate for 2018 was 2.44%, a 0.25% increase from 2017.
Detailed explanation-3: -And in the case of developing economies it has not been uncommon for economists to judge inflation rates of from 20% to as much as 40% as being satisfactory.
Detailed explanation-4: -The annual consumer price inflation in India accelerated to 6.52% in January of 2023, the highest in three months, compared to 5.72% in December, and above market forecasts of 5.9%. Inflation moved back to above the Reserve Bank of India target of 2-6%.