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Question
On what basis is inflation calculated in our country?
On what basis is inflation calculated in our country?
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Solution
The correct option is D Change in WPI
In India, inflation is generally calculated on the basis of the change in WPI. WPI or the wholesale price index includes changes in the wholesale rates of all goods.
In India, inflation is generally calculated on the basis of the change in WPI. WPI or the wholesale price index includes changes in the wholesale rates of all goods.
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