Consider the following statements: Inflation in India continued to b

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?

[amp_mcq option1=”1 only” option2=”2 only” option3=”Both 1 and 2″ option4=”Neither 1 nor 2″ correct=”option3″]

This question was previously asked in

UPSC CDS-1 – 2019

According to the Economic Survey 2017-18 and RBI reports for the period, inflation in India remained moderate, generally staying below the RBI’s target of 4% for much of the year. There was indeed a significant reduction in food inflation during this period compared to previous years, especially for pulses and vegetables, although there were some price spikes in vegetables towards the end of the year. Both statements reflect the general trend observed in the Indian economy during the financial year 2017-18.

– Inflation was generally moderate in India during 2017-18.
– Food inflation, particularly for pulses and vegetables, saw a notable reduction from earlier high levels.

– The Consumer Price Index (CPI) inflation remained relatively low during most of 2017-18.
– This period was marked by stable macroeconomic conditions regarding inflation compared to the preceding few years.

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