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Retail inflation cools to 3.69% in August

ANI  |  New Delhi [India] 

India's retail inflation, measured by (CPI), slipped to a ten-month low of 3.69 per cent in the month of August.

As per data released by the Ministry of Statistics and Programme Implementation, August's rate stood at 3.69 per cent, down from 4.17 per cent last month and up from 3.28 per cent in the same period last year.

While food for the month of August slipped to 0.29 per cent, vegetables registered -7 per cent compared to the previous month.

Meanwhile, the Index of Industrial Production (IIP) for the month of July 2018 stood at 125.8, which is 6.6 per cent higher as compared to July 2017 figures.

The IIP for the mining, and for the month of July 2018 stood at 95.8, 127.6 and 162.1, respectively, with corresponding growth rates of 3.7 per cent, 7 per cent and 6.7 per cent, respectively.

As per the data, 22 out of the 23 groups in the sector have shown positive growth during the month of July 2018 as compared to the corresponding month of the previous year, with the group 'Manufacture of furniture' recording highest positive growth of 42.7 per cent, followed by 30.8 per cent in 'Manufacture of computer, electronic and optical products' and 28.4 per cent in 'Manufacture of tobacco products'.

On the other hand, the group 'Manufacture of paper and paper products' and 'Printing and reproduction of recorded media' have shown the highest negative growth of (-) 2.7 per cent, followed by (-) 0.9 per cent in 'Manufacture of and equipment n.e.c.'.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 19:00 IST
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