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    Question

    What was the notable outcome of India's Consumer Price

    Index (CPI) for July 2024?
    A The highest inflation rate in 10 years Correct Answer Incorrect Answer
    B The lowest inflation rate in 59 months Correct Answer Incorrect Answer
    C Inflation exceeded 6% Correct Answer Incorrect Answer
    D Stable inflation with no significant change Correct Answer Incorrect Answer
    E A sharp increase in food prices Correct Answer Incorrect Answer

    Solution

    India's Consumer Price Index (CPI) for July 2024 recorded its lowest inflation rate in 59 months at 3.54%, indicating a significant decline in inflationary pressures, particularly in the food sector.

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