Retail inflation soften, industrial production grows

Source: The Hindu Business Line, Mar 12, 2018

New Delhi: In what may be seen as improving economic conditions, retail inflation in February eased to 4.4 per cent while industrial production jumped up 7.5 per cent in January.Retail inflation was at 5.07 per cent in January while the Index of Industrial Production grew by 7.1 per cent in December.

According to the data released on Monday, food inflation was at 3.26 per cent in February.

 IIP

Meanwhile, on a cumulative basis, the IIP grew by 4.1 per cent between April and January 2017-18, which was lower than the 5 per cent growth in the same period a year ago.In January, manufacturing grew by a robust 8.7 per cent, followed by 7.6 per cent increase in electricity generation. However, mining grew by a mere 0.1 per cent in the month.

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