Tuesday, July 17, 2018
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)

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE BUSINESS NEWS
Mumum Co raises $500,000 towards expansi...
Only 'good tourists' welcome to Goa: Min...
Hyundai Motor India to hike GRAND i10 pr...
McAfee launches new enterprise security ...
Walmart expands Microsoft partnership to...
Muskaan Dreams gets impact funding from ...
More...
 
INDIA WORLD ASIA
Sugar rates steady...
Tharoor calls BJP 'narrow-minded'...
Govt seeks cooperation of Oppn in smooth...
Momentous gathering of engineers to impr...
Chennai Oil Market Rates...
No complaint of fish preserved with for...
More...    
 
 Top Stories
Congress, others to move no-trust m... 
Police book BJP leaders after canop... 
Never felt competition, insecurity ... 
Golfer Shubhankar ready to live the... 
Farhan, Ali Fazal welcome audiences... 
Breakfast recipe that can make your... 
Punjab to help farmers cut down ure... 
Oil prices lift equity indices; Nif...