You are here: Home » Economy & Policy » News
Expecting FY21 GDP contraction to be less than 9.5%: PNB MD & CEO
Fiscally restrained govt tries new formula to boost festive consumer spend
Business Standard

Retail inflation at 8-month high in September; August IIP in negative zone

Industrial activity bore the brunt of localised lockdowns and work restrictions in August, chipping away nearly a tenth of the factory output

Topics
Inflation | IIP

Abhishek Waghmare  |  Pune 



Industrial output, IIP, workers, industry
Food inflation at 10.68 per cent in September, against 9.05 per cent in the previous month, is the crux of worry

Days after the (RBI) predicted gradual easing of retail inflation, consumer price index-based for September came in at 7.34 per cent, from 6.69 per cent in the previous month on account of rising food prices. This marks the highest level recorded in eight months, and well above the RBI’s target range of 2-6 per cent. Though moderation is expected after the kharif harvest, an uptick in when economic recovery is underway is troublesome. Food at 10.68 per cent in September, against 9.05 per cent in the previous month, is the crux of worry.

ALSO READ: Industrial recovery slow as manufacturing leads 8% fall in August IIP

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, October 12 2020. 19:13 IST

RECOMMENDED FOR YOU

.