Current context: The Wholesale Price Index for 'All Commodities' for the month of February, 2020 declined by 0.6% to 122.2 (provisional) from 122.9 (provisional) for the January 2020.
a. 2.89
b. 2.26
c. 2.10
d. 2
- The annual rate of inflation, based on monthly WPI, stood at 2.26% (provisional) for the month of February 2020 over February 2019.
- In January 2020, WPI inflation stood at 3.1%.
- The WPI inflation for food articles for February 2020 was at 7.79 %.
- The rate of price rise for onion and potato came down to 162.30 % and 60.73 % as compared to 293.37% and 87.84% respectively in January 2020.
- The Build-up inflation rate in the current financial year so far was 1.92 %.
- The WPI measures the price of a representative basket of wholesale goods.
- In India, wholesale price index is divided into three groups:
- Fuel and Power (13.2 percent)
- Primary Articles (22.6 percent of total weight)
- Manufactured Products (65.42 percent)
Question:
Q.1 The annual rate of inflation, based on monthly WPI, stood at _______% (provisional) for the month of February, 2020?a. 2.89
b. 2.26
c. 2.10
d. 2
