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Question
Which is incorrect about inflation?
Options:
A .  For some commodities retail prices are also considered for measurement of inflation
B .  Inflation rate going down does not mean prices are declining
C .  Inflation indicated the rise in the price of basket of commodities on a point-topoint basis
D .  The inflation rate in India is calculated on the basis of the wholesale price index
Answer: Option C
Answer: (c)

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