Q:
Consider the following statements:
1. Inflation in India continued to be moderate during 2017-18
2. There was significant reduction in food inflation, particularly pulses and vegetables during the period.
Which of the statements given above is/are correct?
Answer & Explanation
Answer: C) Both 1 and 2
Explanation: According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years
Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
View Answer
Report Error
Discuss