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.