top of page
  • NEWS Desk Global

RETAIL INFLATION IN INDIA AT 3-MONTH LOW AND IIP GROWTH HITS 14-MONTH HIGH

Retail inflation eased to a three-month low in September as food prices moderated, bringing much-needed relief from surging price pressures, while industrial output growth rose to a 14-month high in August led by a robust manufacturing sector.

Data released by the National Statistical Office (NSO) on Thursday showed retail inflation, as measured by the Consumer Price Index (CPI), rose an annual 5% in September, slower than the 6.8% in August and below the Reserve Bank of India's (RBI's) upper tolerance band of 6%. The food price index slowed to 6.6% from nearly 10% in the previous month. Rural inflation was at 5.3% while urban was lower at 4.7%. Moderation in prices was largely led by an easing of vegetable and cooking gas prices.

0 views0 comments

Recent Posts

See All

Comments


bottom of page