Question
According to the data released by the National
Statistical Office, India’s consumer price index (CPI)-based retail inflation rate declined in October to _______ year-on-year in October from 5.02 per cent in September 2023.Solution
 According to the data released by the National Statistical Office, India’s consumer price index (CPI)-based retail inflation rate declined for the second consecutive month to a five-month low in October to 4.87 per cent year-on-year in October from 5.02 per cent in September, driven by a favourable base effect and moderation in the prices of clothing, footwear, housing, fuel, and transport, among other things.
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