Industrial Output Soars to 4.1%; CPI Inflation At 5.01%

Posted By:
Subscribe to GoodReturns

Industrial output as measured by the Index of Industrial Production soared in the month of April to 4.3 per cent beating expectations of most economists.

Industrial Output Soars to 4.1%; CPI Inflation At 5.01%
Analysts believe that it is too early to suggest that economic revival may have begun. May consumer inflation was marginally higher than expected at 5.01 per cent, despite lower than expected food inflation.

Food inflation came in at 4.8 per cent as against 5.11 per cent in the previous month. The gains made in the IIP index was largely on the back of a surge in the pick up in capital goods.

Many analysts believe that the data is good given that industrial output has risen and CPI inflation has more or less been under control.

All eyes would now be on the WPI inflation to be released early next week.

Read more about: inflation, iip
Story first published: Saturday, June 13, 2015, 7:59 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns