Q1. With reference to India's inflation data for April 2026, consider the following statements: 1. Wholesale Price Index (WPI) inflation eased to a 42-month low driven by falling food prices. 2. Retail Consumer Price Index (CPI) inflation surged above 8 percent during the same month. Which of the statements given above is/are correct?
A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2 Correct
Explanation
Both statements are incorrect. WPI inflation actually surged to a 42-month high of 8.3 percent in April 2026, driven by a sharp spike in fuel and power prices (not eased to a low on falling food prices). Retail CPI inflation stayed moderate at 3.48 percent, not above 8 percent.