For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Retail Inflation Eases To 4.06% In Jan; IIP Sees 1% Growth In Dec

By Staff
|

On Friday, data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed that the Consumer Price Index (CPI), the measure for India's retail inflation, eased to 4.06% in the month of January, when compared to 4.59% seen in December.

 

In a separate release, the ministry's data showed that the Index of Industrial Production (IIP) grew 1% for December 2020. In comparison, the factory output in the country had contracted 1.9% in November and grew 0.4% in December 2019.

IIP data showed that the manufacturing sector output grew by 1.6% in December 2020, mining output declined by 4.8%, while power generation grew 5.1%.

Retail Inflation Eases To 4.06% In Jan; IIP Sees 1% Growth In Dec

CPI data has come within the Reserve Bank of India's (RBI) upper margin of 6% for the second consecutive month. The retail inflation data is one of the important factors that is taken into consideration by the government in its bi-monthly monetary policy. The central bank has been mandated by the central bank to keep retail inflation within the range of 4% with a margin of 2% on either side.

Meanwhile, industrial production has been hit due to the COVID-19 since March last year when IIP contracted by 18.7% in the month.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X