Retail inflation eases to 3.28% in September

The Consumer Price Index or retail inflation stood at 4.39 per cent in September 2016. PTI file

The Consumer Price Index or retail inflation stood at 4.39 per cent in September 2016. PTI file

The annual consumer inflation in September marginally eased to 3.28% from a year ago, the CSO data said.

The General Index for the month of August 2017 stands at 121.5, which is 4.3% higher as compared to the level in the month of August 2016.

Aided by a strong show in mining and electricity sectors, factory output growth for August 2017 came in at robust 4.3 per cent.

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In a boost to the economy, the factory output growth in August surged to 9-month high of 4.2 per cent, indicating an acceleration of industrial activities after the initial setback due to GST-related destocking.

The output of mining and electricity sectors during the month accelerated to 9.4 percent and 8.3 percent from (-) 4.3 percent and 2.1 percent respectively in August previous year.

India's retail inflation stayed unchanged in September, as a slower rise in food prices helped offset costiler fuel, government data showed Thursday.

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The primary goods output is at 7.1 per cent in August, against 2.3 per cent in July, the capital goods output is at 5.4 per cent in August, against -1 per cent in July. Economists, polled by Reuters, had predicted industrial production to rise 2.4 per cent in August.

The August intermediate goods output is at -0.2 per cent, against -1.8 per cent in July. The current inflation rate remains below the Reserve Bank's 4 per cent target.

Meanwhile, retail inflation recorded at 3.28 percent in September.

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