Tag: Consumer Price Index Inflation

INDIAN ECONOMY

Consumer Price Index Inflation  Context: The country's retail inflation rose to 3.21% in February. In January, it stood at 2.74%. This information is indicated by the Consumer Price Index (CPI) statistics released by the National Statistics Office. The rise in the prices of food items is the primary reason for the increase in inflation. Food inflation, which was 2.13% in January, rose to 3.47% in February. Inflation was recorded at 3.37% in rural areas and 3.02% in urban areas. About Retail Inflation Retail inflation refers to the rise in the prices of goods and services (such as food, clothing, housing, and fuel) that consumers purchase from stores for their daily use. It is measured using the Consumer Price Index (CPI). Current Facts cVIGIL App Introduced by the Election Commission of India (ECI), the cVIGIL app empowers citizens to instantly report violations of the Model Code of Conduct (MCC) and expenditure-related issues during election periods. Through this app, users can upload photos, audio clips, or videos. Promising action on complaints within 100 minutes, the app also features an automated facility for geotagging to pinpoint the exact location.