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Current Affairs

Retail Inflation in December

Current context: As per the data released by the National Statistical Office (NSO) on 13the Jan 2020, Retail inflation jumps to about 5-yr high of 7.35 % in Dec 2019.
Retail Inflation in December

  • The data showed that the spike in inflation in the vegetable segment was 60.5% during the month compared to December 2018.
  • The overall food inflation rose to 14.12 % on December 19 as against (-) 2.65 % on December 18.
  • The overall retail inflation based on Consumer Price Index (CPI) was 2.11 % in December 2018.
  • The previous high in retail inflation was witnessed at 7.39 % in July 2014.
  • The RBI is mandated to keep inflation in the range of 4% with a margin of 2% on either side.

Question: 

Q.1 The recently released National Statistical Office data showed that the Retail inflation jumps to about 5-yr high of __________ % in Dec 2019? 
a. 7.31%
b. 7.35%
c. 7.39%
d. 8.1%
Retail Inflation in December Retail Inflation in December Reviewed by Neha Verma on January 14, 2020 Rating: 5

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