Inflation to rise slightly, output to increase at its fastest annual pace in 5-months: Media report

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Inflation to rise, output to increase at its fastest annual pace in 5 months
Consumer inflation rate is forecast to have edged up slightly in March due to higher food prices, and factory output in February is expected to have risen at its fastest annual pace in five months, a Reuters poll shows as per its report.

The data comes as voting gets underway in India's general election. Opinion polls show the ruling Congress party is set to lose office, with poor economic growth and persistent high inflation important factors in voter discontent.

The Reuters poll found consumer price and wholesale price measures of inflation are expected to rise, but not by enough to prompt a policy response from the Reserve Bank of India.

Industrial output was forecast to have expanded 0.9 per cent in February from a year earlier, driven mainly by core industries responding to improved consumer demand.

If the forecast is realised, it would be the strongest growth since September. Output edged up an annual 0.1 per cent in January, and fell in each of the previous three months. The government will release the output data on Friday.

Dion Global Solutions Ltd.

Story first published: Friday, April 11, 2014, 9:20 [IST]
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