press trust of india
New Delhi, Dec 12: Retail inflation hit a 15-month high of 4.88 per cent in November due to costlier fuel, vegetables and eggs, as per data released by the Central Statistics Office (CSO) Tuesday.
The inflation, based on Consumer Price Index (CPI), was at 3.58 per cent in October.
It was 3.63 per cent in November 2016. The previous high was recorded at 5.05 per cent in August last. Inflation in eggs shot to 7.95 per cent in November on annual basis, as against 0.69 per cent in the previous month.
In the fuel and light segment, it was 7.92 per cent, as against 6.36 in October. For vegetables it was 22.48 per cent in November. The inflation in the segment was a only 7.47 per cent in October. However, in the pulses segment the print continued to show disinflationary trend as it contracted by 23.53 per cent on annual basis. On overall basis, the inflation in the food segment increased to 4.42 per cent in November as compared to 1.9 per cent in the preceding month.
Industrial output slows to 3-mth low
New Delhi: Industrial production growth hit a three-month low of 2.2 per cent in October, mainly due to subdued performance of manufacturing and mining sectors coupled with a contraction in output of consumer durables. The factory output, measured in terms of the Index of Industrial Production (IIP), had witnessed a rise of 4.2 per cent in October 2016, data released by the Central Statistics Office (CSO) showed Tuesday. When compared on a monthly basis, the IIP grew 4.14 per cent in September. Industrial output rose by a meagre 2.5 per cent in April-October this fiscal compared with 5.5 per cent in the same period of 2016-17. In October, growth in the manufacturing sector, which accounts for 77.63 per cent of the index, slowed to 2.5 per cent from 4.8 per cent a year earlier. During April-October, manufacturing grew by 2.1 per cent, down from 5.9 per cent in the same period last fiscal. Consumer durable goods output contracted by 6.9 per cent in October as against a growth of 1.5 per cent in the same month of the previous year. During the first seven months of this fiscal, the output of these goods declined by 1.9 per cent as against a growth of 6 per cent last year. Electricity generation rose 3.2 per cent in October as compared to 3 per cent a year before. Mining activity recorded almost flat growth of 0.2 per cent in the month under review as against 1 per cent growth in October 2016.
