Retail Inflation Falls to 3.31 Per Cent in October, Industrial Output Growth Slips to 4.5 Per Cent in September
Retail inflation inched up to 3.77 per cent in September, 2018 from 3.69 per cent in August, 2018.
New Delhi, November 12: India's consumer price index (CPI) or retail inflation came in at 3.31 per cent during the month of October 2018, lower than 3.70 per cent of the previous month. Country's industrial output growth slipped to 4.5 per cent in September from a rise of 4.66 per cent in August.
According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) deflated (-) 0.86 per cent in October from an expansion of 0.51 per cent in September 2018. Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in October 2018 was lower than in the corresponding period of last year, when retail inflation stood at 3.58 per cent.
Retail inflation inched up to 3.77 per cent in September, 2018 from 3.69 per cent in August, 2018. Retail inflation fell to an 11-month low at 3.69 per cent in August.
Cconsumer Price Index (CPI) - October 2018:
| Indices | October 2018 (Prov.) | September 2018 (Final) | October 2017 (Final) | ||||||
| Rural | Urban | Combd. | Rural | Urban | Combd. | Rural | Urban | Combd. | |
| CPI (General) | 2.82 | 3.97 | 3.31 | 3.27 | 4.31 | 3.70 | 3.36 | 3.81 | 3.58 |
| CFPI | -0.57 | -1.15 | -0.86 | 0.87 | -0.22 | 0.51 | 1.75 | 2.13 | 1.90 |
Data released by the Ministry of Statistics and Programme Implementation showed that the Index of Industrial Production (IIP) in September 2017 had grown at 4.1 per cent. "The cumulative growth for the period April-September 2018 over the corresponding period of the previous year stands at 5.1 per cent," the 'Quick Estimates' of IIP released by the ministry said.
On the YoY (year-on-year) basis, the output of the manufacturing sector expanded by 4.6 per cent, while mining production inched-up by 0.2 per cent and the sub-index of electricity generation increased by 8.2 per cent.
(The above story first appeared on LatestLY on Nov 12, 2018 06:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).