Correct Answer : Option (B) - 6.71%
India’s headline retail inflation fell to 6.71 per cent in July 2022, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released on Friday(12th Aug 2022).
The Consumer Price Index (CPI) based retail inflation stood at 7.01 per cent in June.
Although the retail inflation declined significantly in July when compared with the previous month, it remained higher than the Reserve Bank of India (RBI) upper tolerance limit of 6 per cent.
Sequentially, the CPI-based inflation eased to 0.46 per cent in July 2022 from 0.52 per cent in the previous month.
Inflation in rural India was higher than in urban areas. Headline retail inflation for rural areas declined to 6.80 per cent in July 2022 from 7.09 per cent in the previous month..Source : The Print
Published On : August 13, 2022
Category : Indian Economy