Consider the following statements Inflation in India continued to be moderate during 2017 18 There w...........

Indian Economy (CDS) Inflation

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Consider the following statements:

Inflation in India continued to be moderate during 2017-18

There was significant reduction in food inflation, particularly pulses and vegetables during the period.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period -- the lowest in the last six financial years Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.