Question
Consider the following statements about the April CPI
inflation data: 1. The inflation reading was based on the updated 2024 CPI series. 2. The April inflation print was described as a 13-month high based on back-series comparison. 3. Food inflation remained lower than headline retail inflation. Which of the statements given above is/are correct?Solution
The April inflation reading was calculated using the updated 2024 CPI series and was considered a 13-month high compared with back-series data. Food inflation stood at 4.2%, which was higher than headline retail inflation of 3.48%. Hence Statement 3 is incorrect.
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