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2.What is the Wholesale Price Index (WPI)-based inflation in India in February 2023?
[A] 7.85 %
[B] 6.85 %
[C] 5.85 %
[D] 3.85 %
Notes:
The Wholesale Price Index (WPI)-based inflation declined to a 25-month low of 3.85 per cent in February 2023.
This is the ninth straight month of decline in WPI-based inflation. As per the government data, the decline is due to the easing prices of manufactured items and fuel and power. The Reserve Bank of India (RBI) had hiked key interest rate by 25 basis points to 6.50 per cent, saying core inflation still remains sticky.
