<h1>India Successfully Manages Inflation: CPI and WPI Fall Within Tolerance Limits, Economic Survey 2022-23 Highlights Progress.</h1> The Government of India and the Reserve Bank of India have successfully managed inflation, bringing it within the central bank's tolerance limits, as detailed in the Economic Survey 2022-23. Consumer Price Inflation (CPI) decreased to 5.7% by December 2022, following a peak of 7.8% in April 2022, influenced by the Russia-Ukraine conflict and domestic agricultural challenges. Wholesale Price Inflation (WPI) fell from 16.6% in May 2022 to 5.0% in December 2022, driven by global supply chain disruptions and imported inflation. The government implemented measures such as fiscal adjustments and a new food security scheme to mitigate inflation impacts, with expectations of reduced inflation risks in FY24.