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With reference to the retail inflation, consider the following statements:
1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.
2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to the retail inflation, consider the following stateme...
India’s retail inflation resurged to 7% in August from 6.71% in July, fuelled by a 7.62% uptick in food prices paid by consumers, even as industrial output growth in July dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month on month.
- This is the eighth successive month that retail inflation has stayed above the central bank’s upper tolerance threshold of 6% inflation for the economy, and constitutes a setback to households’ spending power among the poorer sections.
- Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%. Urban consumers’ inflation rate moved up from 6.49% in July to 6.72%.
- The uptick in inflation was largely driven by “a broad-based rise across the food segment”, with a higher inflation in cereals, pulses, milk, fruits, vegetables and prepared meals and snacks.
Hence both statements are correct.
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With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the retail inflation, consider the following statements:1. India’s retail inflation resurged to 7% in August from 6.71% in July 2022.2. Rural inflation that was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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