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12 January 2018
 |
| Inflationindia (The Total Investment & Insurance Solutions) |
India`s
annual retail inflation accelerated in December to a 17-month high of 5.21
percent, government data showed on Friday, mainly driven by faster rises in
prices of food and fuel products.
The Total Investment & Insurance Solutions
The
CPI-based retail inflation jumped to 5.21 percent in December on annual basis, as compared to 4.88
percent in the preceding month.
An exponential
rise in the manufacturing output lifted India`s total factory production by
over 8 percent in November from 1.99 percent in October and 5.1 percent during
the corresponding period of 2016-17, official data showed on Friday. The Total Investment & Insurance
Solutions
As
per the IIP data released by the Central Statistics Office (CSO), the
acceleration in output was mainly on account of a robust performance by the
manufacturing sector.
The Total Investment & Insurance Solutions
On a
year-on-year basis, the manufacturing sector expanded by 10.2 percent, whereas
mining`s output inched-up by 1.1 percent and the sub-index of electricity
generation increased by 3.9 percent.
On a
year-on-year (YoY) basis, the CPI inflation last month was higher than the 3.41 percent recorded in December 2016.
The
Consumer food price index (CFPI) in December stood at 4.96 percent compared to
the 4.42 percent of November 2017. The data revealed that eggs, vegetables and
fruits became costlier, while inflation moderated in case of cereals and
pulses. The
Total Investment & Insurance Solutions
The
jump in retail inflation comes a month after the Reserve Bank warning that
there may be a spike in prices in the coming months.
The central bank had
also raised its inflation projection for the remaining months of the current
fiscal while keeping the key interest rate (repo) on hold.The Total Investment & Insurance
Solutions
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