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In India, inflation is measured by

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In India, inflation is measured by
aConsumer price index for agricultural workers
bConsumer price index
cWholesale price index number
dNational income deflation
✓ Correct answer: b) Consumer price index
ExplanationIn India, inflation is primarily measured using two main indices: the Consumer Price Index (CPI) and the Wholesale Price Index (WPI).Consumer Price Index (CPI) measures the average change over time in the prices paid by urban and rural consumers for a basket of goods and services, including food, housing, transportation, medical care, etc. CPI is calculated separately for various categories such as CPI for Industrial Workers (CPI-IW), CPI for Agricultural Labourers (CPI-AL), and CPI for Rural Labourers (CPI-RL), among others.Hence, the correct answer is option (B).
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