Dec industrial production grows 7.1%; Jan retail inflation eases to 5.07%

This data will be crucial for the second advance estimates of GDP for 2017-18

Industrial output grew by 7.1% in December, maintaining the recovery momentum, on the back of robust performance by manufacturing as well as higher offtake of capital goods and non-durable consumer goods.

The Index of Industrial Production (IIP) had grown at 2.4% in December 2016, as per the data released today by the Central Statistics Office (CSO).

The IIP growth for November, 2017 was revised upwards to 8.8% from provisional estimates of 8.4% released last month.

Retail inflation declined to 5.07% in January due to easing prices of vegetables, fruits and fuel components, an official data showed today.

Based on Consumer price index (CPI),