Q. What was the retail inflation, as measured by Consumer Price Index (CPI), during July 2017?
Answer of this question "What was the retail inflation, as measured by Consumer Price Index (CPI), during July 2017?", here are 4 choices for this question : 1.88 percent, 2.36 percent, 4.0 percent, 3.22 percent. Answer Is "2.36 percent".
The retail inflation increased to 2.36 percent in July 2017 on yearly basis. The retail inflation was chiefly driven by hardening of prices in sugar and confectionery items, pan, tobacco and intoxicants. However, there was disinflation in the food basket. The inflation based on Wholesale Price Index (WPI) increased to 1.88 percent, which is the first rise in five months. The increase was driven by increase in food prices. However, both CPI and WPI inflation remained far below the RBI’s comfort level of 4 percent.