India's September retail inflation rises to 3.77%; August IIP eases to 4.3%

Iindustrial output eased in August with a slower rise of 4.3 percent as compared to 6.52 percent in July

New Delhi: Driven by higher food, fuel prices and a depreciating rupee, India`s retail inflation rate slightly rose to 3.77 percent in September as compared to 3.69 percent in August, government data showed on Friday.

On the other hand the country's industrial output eased in August with a slower rise of 4.3 percent as compared to 6.52 percent in July, official data showed.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors stand at 92.2, 129.8 and 167.2 respectively, with the corresponding growth rates of (-) 0.4 percent, 4.6 percent and 7.6 percent as compared to August 2017. The cumulative growth in these three sectors during April-August 2018 over the corresponding period of 2017 has been 3.9 percent, 5.4 percent and 5.8 percent respectively.

An official data said that in terms of industries, sixteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of August 2018 as compared to the corresponding month of the previous year. Primary goods, Capital goods, Intermediate goods and Infrastructure/ Construction Goods posted 2.6 percent, 5.0 percent, 2.4 percent and 7.8 percent growth respectively. Consumer durables and Consumer non-durables have recorded growth of 5.2 percent and 6.3 percent respectively.

According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) rose 0.51 percent in September from 0.29 percent in August 2018.