According to a report forwarded by the Reserve Bank of India, there was a fall in rate of inflation
According to a report forwarded by the Reserve Bank of India, there was a fall in rate of inflation as measured by Consumer Price Index (CPI) on year on year basis to 5% from 8% in the previous year. Which of the following statements represents the situation?
(a) CPI has fallen
(b) CPI has risen at a rate lower than the preceding year
(c) CPI is constant
(d) None of the above
Anurag Pathak Changed status to publish December 14, 2023
Ans – (b)
Explanation:-
Now CPI is rising to 5% as compared to 8% than a previous year.
Anurag Pathak Changed status to publish December 14, 2023
