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      Question

      As per the meeting of the Monetary Policy Committee in

      Dec 2022, CPI Inflation is projected at ____ % in 2022-23.
      A 6.1 Correct Answer Incorrect Answer
      B 6.2 Correct Answer Incorrect Answer
      C 6.5 Correct Answer Incorrect Answer
      D 6.7 Correct Answer Incorrect Answer
      E 6.9 Correct Answer Incorrect Answer

      Solution

      The MPC had retained its inflation forecast for the current financial year at 6.7 percent.CPI inflation is seen at 6.6 percent in October-December versus the 6.5 percent projected earlier. In January-March, headline retail inflation is seen at 5.9 percent versus 5.8 percent estimated earlier. For the first quarter of the next financial year, the MPC has retained its inflation forecast at 5 percent while the price gauge is seen at 5.4 percent in the second quarter of the next financial year.

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