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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

Another key barometer of the economy, the Index of Industrial Production declined 8 per cent in August. Industrial activity bore the brunt of localised lockdowns and work restrictions in August, chipping away nearly a tenth of the factory output.


ALSO READ: Food prices push retail inflation to 8-month high of 7.34% in Sept


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