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India's Consumer Price Index (CPI) inflation rises higher-than-estimates to _____ in June 2023 .
A)
4.04%
B)
4.38%
C)
4.81%
D)
5.14%

Correct Answer :   4.81%


* India's Consumer Price Index (CPI) inflation has raised for the first time in five months to 4.81% in June 2023.

* The rise in inflation is higher than the street's expectations of 4.58%, but it is still below RBI's upper tolerance limit of 6%.

* Reason : Due to a less supportive base and the onset of a surge in vegetable prices.

* Consumer food price inflation surged to 4.49% in June 2023.

* Retail inflation in the food and beverages basket also rose sharply to 4.63%..

Source : Business Today

Published On : July 13, 2023
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