What is the Consumer Price Index (CPI)-based retail inflation for November 2022, in India?
A) 5.88%
B) 5.44%
C) 5.22%
D) 5.48%
Answer : A
Description :
In November 2022, retail inflation in India, as measured by the Consumer Price Index (CPI), fell to an 11-month low of 5.88% on an annual basis. In October 2022, inflation was 6.77%. The substantial increase is attributable to falling global commodity prices and rising borrowing rates. For the first time this year, inflation fell under the Reserve Bank of India's (RBI) tolerance level of 2-6%.
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