Retail inflation eases to 4.59% in December; IIP contracts 1.9% in Nov

Consumer Price Index (CPI)-based inflation eased to 4.59 per cent in December 2020 compared to 6.93 per cent in November, according to government data released Tuesday. Food inflation declined to 3.41 per cent in December, compared to 9.5 per cent in the previous month.

Meanwhile, the Index of Industrial Production (IIP) contracted by 1.9 per cent in November as against 3.6 per cent growth in October, according to data from the Ministry of Statistics and Programme Implementation. The manufacturing sector output shrank by 1.7 per cent in November, while while power generation grew 3.5 per cent. Mining output saw