According to a data released by National Statistics Office (NSO), “Retail inflation as (1) measured by Consumer Price Index (CPI), fell sharply to 4.6% in December 2020,
lower than the November value of 6.9%, and the Index of Industrial Production (IIP) contracted by 1.9% in November 2020” explain is above given information is micro or macro economics.
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it is macro economics because it is the problem relating to economy as a whole not about a single consumer
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