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Wholesale Price Inflation (WPI): WPI started to increase in 2022 with a peak value of 16.6% in May 2022 (as economic activities resumed post pandemic and the Russia-Ukraine conflict alleviated it more) and it slipped to 5.0% by year end. Hence, statement 1 is correct. WPI and CPI trends: Since 2021, there had been a divergence between the WPI and the CPI indexes, followed by a trend of convergence. Reasons for divergence: The difference in relative weights of the two indexes and the lagged effect of imported input costs on retail prices. Reasons for convergence: A cooling in WPI inflation of commodities such as crude oil, iron, aluminum etc. along with the rise in CPI inflation (fuelled by the rise in services cost). An important measure of demand-pull inflation - core inflation - remains sticky. Hence, statement 2 is correct. Consumer Price Inflation (CPI): The index numbers used to calculate the retail inflation of a nation constitute the CPI, which is also known as the "market basket", and is responsible for tracking the shift in prices at the level of the household. Wholesale Price Inflation (WPI): The index numbers used to measure the change in the overall price of goods before they are sold at retail prices constitute the WPI. Global economic slowdown and interest rate increases brought down commodity prices, contributing to a substantial decline in wholesale price inflation. Thus, input price pressures on Indian manufacturers abated. Even as inflation abated at the wholesale level, there has been a pass-through of previously high input costs onto retail prices, so CPI was on rise. Hence, statement 3 is correct. Core inflation remains sticky at nearly 6 percent and reflects the second-round effects of the supply shocks witnessed earlier this year.
In Saturday, New York detected (A)/three more cases of the omicron variant, (B)/bringing the total number (C)/of the statersquo;s cases to eight (D).
Select the segment which has a grammatical error in the given sentence. If there is no error, select ‘no error.
Radha along with her friends ...
Rama has(A)/ no taste(B)/ in classical music.(C)/ No error(D)
Parts of the following sentence are given as options. Identify the segment that contains a grammatical error.
Each one of the children in a nur...
We need to have appetite for change, and the courage for change, and we need the census to do so.
The army men or the commander-in-chief (A)/were not ready (B)/to accept defeat so easily, (C)/so they fought fiercely (D).
A jam-packed hall in Kolkata reverberated on Jan 21, 2003, when the 11th President of India inspired thousands of school children to dream, t...
The daughter of a brewmaster (A)/for India-based United Breweries, (B)/Mazumdar-Shaw originally planned (C)/following in her father's footsteps (D).
Identify the segment in the sentence, which contains the grammatical error.
Why should always we have to wait for her to join us?