India’s Retail inflation Rises to 3.21% in August 2019
Meanwhile, the industrial production growth of the country rose to 4.3 percent in July.
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The Consumer Price Index increased to 3.21 percent in August 2019, up from 3.15 percent in July 2019, as per the latest economic data released by the government on Thursday, 12 September.
Meanwhile, the industrial production growth of the country rose to 4.3 percent in July, beating expectations, as all key sectors – manufacturing, mining and electricity – performed well in the month.
Factory output, as measured in terms of Index of Industrial Production (IIP), expanded 6.5 percent in July 2018.
A slowdown was witnessed in the manufacturing sector, which grew at 4.2 percent in July as compared to 7 percent a year ago, although it picked pace from June when it was 1.2 percent.
The power generation sector grew at 4.8 percent in July, compared to 6.6 percent a year ago earlier.
Mining growth was 4.9 percent in July as against 3.4 percent in the corresponding month of the last fiscal.
(With inputs from ANI and PTI)
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