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Consider the following statements regarding inflation: Statement (A): Head-line inflation refers to the rate of change in the Consumer Price Index, measuring the average price of a standard basket of goods and services consumed by a typical family. Statement (B): Core inflation measures the change in average consumer prices after excluding from the CPI certain items with volatile prices such as food and fuel. Which of the above statements is/are correct?
This question appeared in the RPSC Prelims 2023 examination (Prelims 2023). It is Question 41 out of 150 questions in this paper.
This question was part of the RPSC Prelims 2023 (Prelims 2023). The RPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all RPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.