What is the Wholesale Price Index (WPI)-based inflation in India in February 2023?
Answer with explanationAnswer: Option D
The Wholesale Price Index (WPI)-based inflation declined to a 25-month low of 3.85 percent in February 2023.
This is the ninth straight month of decline in WPI-based inflation. According to government data, the fall is due to the easing prices of manufactured items, fuel, and power. The Reserve Bank of India (RBI) had hiked key interest rates by 25 basis points to 6.50 percent, saying core inflation remains sticky.
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