Thursday, February 21, 2019
News

Retail inflation soars to 5% in June, IIP presides to 3.2% in May

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi [India] | July 12, 2018 6:41:28 PM IST
India's retail inflation rose to a five-month high of 5 percent in the month of June as compared to 4.87 percent in May, as suggested by the data from the Central Statistics Office.

The Index of Industrial Production (IIP) moderated to 3.2 percent in May as compared to 4.9 per cent in April.

The slowdown in the industrial production comes on the back of a moderation in the growth of core sector industries which rose 3.6 percent.

The Consumer Price Index (CPI), which remained as the main price gauge indicated June's data as an indication that inflation is inching towards Reserve Bank of India's tolerance level of six percent.

Consumer food price inflation, in monthly kitchen costs, grew 2.91 percent in June from 3.10 percent in May.

The indices of IIP for the Mining, Manufacturing and Electricity sectors for the month of May 2018 stand at 107.5, 129.1 and 164.7 respectively, with the corresponding growth rates of 5.7 percent, 2.8 percent and 4.2 percent as compared to May 2017 (Statement I).

The cumulative growth in these three sectors during April-May 2018 over the corresponding period of 2017 has been 4.9 percent, 4.0 percent and 3.1 percent respectively.

As per Use-based classification, the growth rates in May 2018 over May 2017 are 5.7 percent in Primary goods, 7.6 percent in Capital goods, 0.9 percent in Intermediate goods and 4.9 percent in Infrastructure/ Construction Goods (Statement III).

The Consumer durables and Consumer non-durables have recorded growth of 4.3 percent and (-) 2.6 percent respectively.

However, the Reserve Bank of India (RBI) in its policy review in June, revised upwards its inflation projection to 4.8-4.9 percent for the first half of 2018-19. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Committed to 'free, open Indo-Pacific re...
Fresh snowfall, landslides shut Jammu-Sr...
BHEL commissions 250 MW thermal power pl...
Indian firm COLLABTRIBE partners with Ge...
Kesoram arm expects to cross Rs 400 cr r...
MTNL shares jump 19% on likely revival m...
More...
 
INDIA WORLD ASIA
HAL to make 16 Tejas for IAF operational...
Cong wont form govt at Centre, will con...
Poll panel to hold special camps on elec...
Congress woos Vijayakant's DMDK...
Sukma: 1 CRPF jawan injured in encounter...
Ideals of Mahatma Gandhi have power to c...
More...    
 
 Top Stories
HAL admits to delays receivables fr... 
I-T searches at 31 premises of 4 bu... 
NIIT Technologies, Microsoft partne... 
The law is against music composers:... 
Strong growth for Huawei in Q4 even... 
Graphite works on 'tremendous power... 
Kesoram arm expects to cross Rs 400... 
Bolivia asks to join South American...