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Economy

Q1: What was India's retail inflation rate in May 2024?

A 4.83%

B 8.69%

C 4.75%

D 5.28%

ANS:C - 4.75%

India's retail inflation, measured by the Consumer Price Index (CPI), eased to a 12-month low of 4.75% in May 2024, down slightly from 4.83% in April. This figure falls within the Reserve Bank of India's target range of 2-6%, indicating a stable inflationary trend.



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