Industrial Output Slips, Inflation Rises

Industrial production growth dropped to 4.3 per cent in July due to a slowdown in the manufacturing sector while inflation rose marginally to 3.21% in August from 3.15 last month, data released by the government showed on Thursday.

Factory output as measured in terms of the Index of Industrial Production (IIP) was recorded at 6.5 per cent in July 2018.

The manufacturing sector grew at 4.2 per cent in July as compared to 7 per cent a year ago, according to a statement issued by the Ministry of Statistics and Programme Implementation.

The power generation sector grew at 4.8 per cent as compared to 6.6 per cent in July last year. Mining growth was 4.9 per cent in July as against 3.4 per cent in the corresponding month of previous fiscal.

The IIP for the mining, manufacturing and electricity sectors for July 2019 stand at 100.2, 132.9 and 169.7 respectively with the corresponding growth rates of 4.9 per cent, 4.2 per cent and 4.8 per cent as compared to July 2018.

The cumulative growth in these three sectors from April to July 2019 over the corresponding period of 2018 has been 3.4 per cent, 2.8 per cent and 6.6 per cent respectively.

Retail inflation rose marginally to 3.21 per cent in August from 3.15 per cent last month on the back of higher food prices, the government data showed on Thursday.

August’s Consumer Price Index (CPI) food price inflation stood at 2.99 per cent as compared to 2.36 per cent month-on-month, said a statement issued by the Ministry of Statistics and Programme Implementation.

This is the 13th straight month where inflation has remained below the Reserve Bank of India’s (RBI) medium-term target of 4 per cent.

In August last year, however, the consumer price index stood at 3.69 per cent.

Food prices accounting for about half of the inflation basket have been rising mainly due to the impact of uneven monsoon rainfall across the country.(ANI)

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Would love your thoughts, please comment.x