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      Question

      According to the data released by the National

      Statistical Office (NSO), what was the retail inflation rate in August 2023, following a decrease from the previous month?
      A 7.44 percent Correct Answer Incorrect Answer
      B 6.83 percent Correct Answer Incorrect Answer
      C 8.21 percent Correct Answer Incorrect Answer
      D 5.97 percent Correct Answer Incorrect Answer
      E 9.36 percent Correct Answer Incorrect Answer

      Solution

      According to the data released by the National Statistical Office (NSO) ,the consumer price index (CPI)-based retail inflation eased to 6.83 per cent in August, from a 15 month high of 7.44 per cent in July, on account of moderation in the rate of price increase for vegetables, clothing & footwear, housing and services.

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