NEW DELHI, Oct 13 (NNN-PTI) – India’s retail inflation jumped to a five-month high of 7.41 percent in Sept, data released yesterday by the country’s Ministry of Statistics and Programme Implementation (MOSPI) showed.
“The inflation, based on Consumer Price Index (CPI) in Sept, is 7.41 percent,” the ministry said in a report. “It was 7.00 percent in Aug.”
Sept’s inflation is the highest since Apr for the country.
This is the ninth straight month for the inflation to remain above the 2-6 percent tolerance band of the Reserve bank of India, the country’s central bank.
Meanwhile, the Consumer Food Price Index (CFPI) increased to 8.60 percent in Sept, from 7.62 percent in Aug, data showed.
According to officials, the price data are collected from 1,114 selected urban markets and 1,181 villages, covering all states through personal visits by staff of the field operations division, of the National Statistics Office (NSO), under the MOSPI.
In Sept, 2021, retail inflation was 4.35 percent, while food inflation was 0.68 percent.
India’s factory activity growth, measured by the Index of Industrial Production (IIP), contracted by 0.8 percent in Aug, 2022, showed the official data. The Aug IIP for the mining, manufacturing and electricity sectors, stood at 99.6, 131.0 and 191.3, respectively.– NNN-PTI
