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Double whammy of rising inflation and falling IIP The graph of industrial growth numbers suggests that the recovery has been weak and is facing strong headwinds. Share Via Email   |  A+A A- For representational purpose. (Photo | Reuters) Two sets of recently released numbers suggest the applause for an economic turnaround may have been a wee bit too early. The National Statistical Office (NSO) said last week that India’s retail inflation rose to 5.03% in February, mainly driven by higher food and fuel prices. Food inflation alone went up steeply to 3.87% in February, doubling the 1.89% inflation rate for the previous month. The Consumer Price Index (CPI)-based inflation was 4.06% in January 2021 and 6.58% in February 2020. Simultaneously, the Index of Industrial Production (IIP) contracted by 1.6% in January on the back of a poor performance by the mining and manufacturing sectors, surprising analysts. Bloomberg for instance had estimated a 1% growth.

National statistical officeConsumer price indexIndustrial productionEconomic turnaroundRetail inflationFood inflationதேசிய புள்ளிவிவர அலுவலகம்நுகர்வோர் ப்ரைஸ் குறியீட்டுதொழில்துறை ப்ரொடக்ஶந்பொருளாதார திருப்புமுனைசில்லறை வீக்கம்உணவு வீக்கம்