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    Question

    The consumer price index ( CPI)- based inflation accelerated to _____in September from 7 percent in the previous month.

    A 8.51 percent Correct Answer Incorrect Answer
    B 8.6 percent Correct Answer Incorrect Answer
    C 7.7 percent Correct Answer Incorrect Answer
    D 7.41 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the data released by the National Statistical Office ( NSO) ,the retail inflation rate shot up to a five- month high in September, while factory output contracted after a gap of 17 months in August. The consumer price index ( CPI)- based inflation accelerated to 7. 41 percent in September from 7 percent in the previous month, driven by a 22- month high food inflation rate of 8. 6 per cent.   India’ s industrial production slipped to an 18- month low, contracting by 0. 8 per cent in August, mainly due to a decline in output of the manufacturing and mining sectors. The data showed that the previous low in industrial output growth was a contraction of 3. 2 percent in February 2021 while it grew by 2. 2 percent in July this year.

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