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Last updated: 12 Oct, 2018  

Industry.9.4.Thmb.jpg August IIP at 3-month low, Sept inflation rises to 3.77 pc

Industry.9.4.jpg
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SME Times News Bureau | 12 Oct, 2018

Industrial production growth slipped to a three-month low of 4.3 per cent in August as industrial activity lost steam amid high fuel prices and higher interest rates.

The industrial production measured in terms of Index of Industrial Production (IIP) was 4.8 per cent in August last year, the CSO data released Friday showed.

Mining output fell 0.4 percent year-on-year compared with a 9.3 percent rise in the same month last year.

Manufacturing output increased 4.6 percent compared with 3.8 percent growth last year.

Electricity generation growth stood at 7.8 percent compared to 8.3 percent last year.

Meanwhile, higher food and fuel prices accelerated India's September retail inflation to 3.77 per cent from 3.69 per cent in August.

Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in September 2018 was higher than in the corresponding period of last year, when it stood at 3.28 per cent.

According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) rose 0.51 per cent in September from 0.29 per cent in August 2018.

 
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