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Retail inflation rises to 3.21% in August 2019; IIP at 4.3% for July
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Retail inflation rises to 3.21% in August 2019; IIP at 4.3% for July
Sep 12, 2019 8:33 AM

India’s retail inflation for August inched up to 3.21 percent from 3.15 percent in July, government data released on Thursday showed.

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As per the CPI data released by the Central Statistics Office (CSO), the food inflation was 2.99 percent in August 2019 against 2.36 percent in the preceding month. The CPI-based inflation was 3.69 percent in August 2018.

Consumer food price inflation at 2.99% vs 2.36% (MoM).

Vegetables inflation at 6.90% vs 2.82% (MoM).

Housing inflation at 4.84% vs 4.87% (MoM).

Housing inflation at 4.84% vs 4.87% (MoM).

Cereals inflation at 1.3% vs 1.31% (MoM).

Clothing and footwear inflation at 1.23% vs 1.65% (MoM).

Pulses inflation at 6.94% vs 6.82% (MoM)

The latest price data released by CSO showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within the Reserve Bank of India's (RBI) target level of 4 percent.

According to official data, industrial production growth slipped to 4.3 percent in July, mainly on account of the poor show by the manufacturing sector. Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 6.5 percent in July 2018.

Manufacturing growth at 4.2% vs 1.2% (MoM).

Mining growth at 4.9% vs 1.6% (MoM).

Electricity growth at 4.8% vs 8.2% (MoM).

Capital goods growth at -7.1% vs -6.5% (MoM).

Primary goods growth at 3.5% vs 0.5% (MoM).

Intermediate foods growth at 13.9% vs 12.4% (MoM).

Consumer durables growth at -2.7% vs -5.5% (MoM).

Consumer non-durables Growth at 8.3% vs 7.8% (MoM)

A slowdown was witnessed in the manufacturing sector, which grew at 4.2 percent in July as compared to 7 percent a year ago. 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 PTI)

First Published:Sept 12, 2019 5:33 PM IST

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