CPI - Current Affairs Questions and Answers

1)   As per the government data, CPI has come in higher in the month of November, at the value ____.

a. 5.21%
b. 5.31%
c. 5.41%
d. 5.51%
Answer  Explanation 

ANSWER: 5.41%

Explanation:
The Consumer Price Index for the month of November was pegged at 5.41 percent as against 5% month on month driven by rise in food inflation. Food inflation was pegged at 6.07% as against 5.25% MoM. Upside surprise in food inflation must not be generalised according to economists. The CPI running lower than RBI estimates could increase to 5.5% going forward.
2)   By what percent, Consumer Price Index (CPI) fell in the month of April 2015 as against 8.48 percent in April last year due to decline in the prices of food articles?

a. 4.87%
b. 2.56%
c. 3.14%
d. 2.90%
Answer  Explanation 

ANSWER: 4.87%

Explanation:
The inflation for March 2015 was at 5.11 percent. Data released by Ministry of Statistics and Programme Implementation on 12th May’15 mentioned that Inflation in food items like pulses and products was recorded at 12.52 percent highest in the category. Milk and its products registered a price hike of 8.21 percent , Spices at 8.7 percent. Whereas the inflation in vegetables and meat stood at 6.63 percent and 5.50 percent. The ministry also said that the rural inflation stood at 5.37 percent whereas urban centres registered CPI of 4.36 percent.

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