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      Question

      Consider the following statements about the April CPI

      inflation data: 1. The inflation reading was based on the updated 2024 CPI series.┬а 2. The April inflation print was described as a 13-month high based on back-series comparison.┬а 3. Food inflation remained lower than headline retail inflation.┬а Which of the statements given above is/are correct?
      A 1 and 2 only Correct Answer Incorrect Answer
      B 2 and 3 only Correct Answer Incorrect Answer
      C 1 and 3 only Correct Answer Incorrect Answer
      D 1 only Correct Answer Incorrect Answer
      E 1, 2 and 3 Correct Answer Incorrect Answer

      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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