In 2014, the Reserve Bank of India (RBI) adopted the new ________ as the key measure of inflation. A). WPI (Wholesale Price Index) B). IPI (Import Price Index) C). PPI (Producer Price Index) D). CPI (Consumer Price Index, rural and urban, combined)

The correct answer is CPI (Consumer Price Index, rural and urban, combined). Based on the recommendations of the Urjit Patel Committee report in 2014, the Reserve Bank of India (RBI) officially switched from the Wholesale Price Index (WPI) to the Consumer Price Index (CPI - combined) as the primary anchor and key gauge for measuring and targeting inflation in the Indian economy.

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In 2014, the Reserve Bank of India (RBI) adopted the new ________ as the key measure of inflation.

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