- The WPI measures inflation at the level of production or manufacturing, while the Consumer Price Inflation (CPI) measures prices at the retail consumer level, with food items being a major contributor to retail inflation.
- The latest data from the commerce and industry ministry shows that inflation in food articles increased to 2.38% in January from (-) 1.25% in December 2022, while fuel and power inflation was at 15.15% in January 2023.
- Inflation in manufactured products was 2.99% during the month. Inflation in pulses was 2.41%, in vegetables it was (-) 26.48%, and in oil seeds, it was (-) 4.22% in January 2023.
- Fuel and power basket inflation eased to 15.15% from 18.09% in December 2022, while inflation in manufactured products was 2.99% against 3.37% in December 2022.
- However, as per the latest CPI data released on Monday, the country's retail inflation rose to a three-month high of 6.52% in January 2023, mainly due to costlier food and fuel.
- In December 2022, the CPI-based inflation had eased to 5.72%, after having fallen to 5.88% in November 2022. The retail inflation rate had been beyond the RBI's 2-6% band for ten consecutive months but came under it in November with a rate of 5.88%.
Question:
Q.1 How much did India’s WPI inflation ease in January?
a. 4.73%
b. 5.65%
c. 7.7%
d. 4.65%
a. 4.73%
b. 5.65%
c. 7.7%
d. 4.65%
