India Oct IIP spikes 2.2%; Nov CPI Inflation at 4.88%

The retail inflation measured by the Consumer Price Index for November hit a 13-month high of 4.88% as against 3.5% in October, on higher food and fuel prices.

Dec 12, 2017 05:12 IST India Infoline News Service

The General Index for the month of October 2017 stands at 123, which is 2.2% higher as compared to the level in the month of October 2016. The cumulative growth for the period April-October 2017 over the corresponding period of the previous year stands at 2.5%.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2017 stand at 101.2, 124.3 and 149.8, respectively, with the corresponding growth rates of 0.2%, 2.5% and 3.2% as compared to October 2016. The cumulative growth in these three sectors during April-October 2017 over the corresponding period of 2016 has been 3.4%, 2.1 % and 5.3%, respectively.

In terms of industries, 10 out of the 23 industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of October 2017 as compared to the corresponding month of the previous year.

The industry group ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ has shown the highest positive growth of 23% followed by 12.8% in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and 9.7% in ‘Manufacture of computer, electronic and optical products’.

On the other hand, the industry group ‘Other manufacturing’ has shown the highest negative growth of (-) 36.4% followed by (-) 20.9%  in ‘Manufacture of tobacco products’ and (-) 16.1% in ‘Manufacture of rubber and plastic products’.

The retail inflation measured by the Consumer Price Index for November hit a 13-month high of 4.88% as against 3.5% in October, on higher food and fuel prices. The rural inflation came in at 4.79% as against 3.36% in October and urban inflation stood at 4.9% versus 3.81% in October.

The November CPI food inflation increased marginally to 4.42% as against 1.90% in October.

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