Question
Consider the following statements regarding economic survey 2022-23: 1. In Wholesale Price Inflation (WP
- I , the weightage of primary articles is more than manufactured articles. 2. As per RBI, 1% inflation increase in the international market can bring more than 10% inflation in the domestic market of India. 3. A part of WPI inflation is imported inflation. Which of the statements given above is/are not correct?
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An RBI’s report (Monetary Policy Report, September 2022) indicates that 1% increase in prices across all the countries. Hence, statement 2 is not correct. Hence sentence 1 is not correct.