Tag: Retail inflation

Jaipur, November 12, 2024. India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s (RBI) target range. This rise in inflation, attributed to higher food and fuel prices, may prompt tighter monetary policies in the coming months. India’s Index of Industrial Production (IIP) showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation (MoSPI), key sectors such as mining, manufacturing, and electricity recorded growth rates of 0.2%, 3.9%, and 0.5%, respectively, indicating a recovery in industrial output.

Jaipur, September 13, 2024. Retail inflation inched higher to 3.65 per cent in August from the five-year low print of 3.60 per cent in July mainly on account of rise in food prices even as it continued to remain below the 4 per cent mark in the 4+/- 2 per cent band of medium-term inflation target set by the Reserve Bank of India (RBI), data released by the National Statistical Office (NSO) showed Thursday. After slipping to a 13-month low of 5.42 per cent in July, food inflation based on Combined Food Price Index (CFPI) increased to 5.66 per cent in August led by an uptick in perishables such as vegetables and fruits. Data released separately showed the country’s factory output for July, as measured by the Index of Industrial Production (IIP), inched higher to 4.8 per cent from a fiv...