India’s retail inflation, measured by the Consumer Price Index (CPI), eased to 4.29 per cent in the month of April on decline in food prices. Separately, the country’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a 22.4 per cent growth in March on low base effect, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Wednesday. Consumer price inflation was predicted to cool to 4.2 per cent in April, just above the RBI s 4 per cent mid-point target and down from March s four-month high of 5.52%, according to a Reuters poll of nearly 50 economists taken over the past week.
Retail inflation eases to 4.29% in April 2021 on sharp dip in food prices
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
BusinessToday.In | May 17, 2021 | Updated 12:42 IST
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, primarily due to reduction in food prices, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday, May 12. It stood at 5.52% in March.
Industry output contracts 3.6% in February
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent.
BusinessToday.In | April 12, 2021 | Updated 18:27 IST
Cumulatively, IIP contracted 11.3 per cent during April-February 2020-21 as against a 1 per cent growth during the same period in 2019-20.
India s industrial output, measured by the Index of Industrial Production (IIP), contracted 3.6 per cent in February, with mining and manufacturing registering a decline, while electricity output increased marginally.
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent. For the month of February 2021, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 129.4. The indices of industrial production for the mining, manufacturing and electricity sectors for the month of February 2021 sta
Updated Apr 12, 2021 | 17:54 IST
India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a contraction of (-)3.6 per cent in the month of February Retail inflation rises to 5.52% in March; IIP contracts 3.6% in Feb
New Delhi: India’s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.52 per cent in the month of March. The retail inflation during the month of February was at 5.03 per cent. Note that this is the fourth consecutive month that the CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent.
SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 61 points at the opening bell.
Economic data:
India s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Friday. The retail inflation was 4.06% in January 2021 and was 6.58% in February 2020.
Separately, India s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a contraction of 1.6% in January 2021. The industrial output rose by 1% in December 2020 and grew by 2% in January 2020.
Global markets:
Overseas, Asian stocks markets are trading mixed on Monday ahead of this week s Federal Reserve meeting stateside.