Indian Economy MCQs

Q.  Consider the following Statements:
1: Core Inflation is essentially demand driven.
2: Core Inflation includes items that face volatile price movement.
Which of the following Statement(s) given above is/are correct?


a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2


ANSWER: See Answer
 
Manufacturing inflation, also known as ‘core inflation’, is essentially driven by demand and makes up the non‐food basket of the wholesale price index.
Core inflation is a measures of inflation that excludes items that face volatile price movement, notably food and energy. It is, therefore, a preferred tool for framing long‐term policy.
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