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Inflation drops to 3.28 per cent after five month increase, industrial production rises to 4.3 per cent

Preliminary data released by the Central Statistics Office on Thursday showed India's consumer price inflation numbers to have remained steady in September while industrial production rose favourably.

By: Express Web Desk | New Delhi | Updated: October 12, 2017 7:52 pm
train, train coaches, railways train, railways train coaches, ac 2 tier coaches, indian railways, indian railways coaches, railways bookings, india news Data on inflation and industrial production growth was released by the Central Statistics Office. At least 10 industry groups showed growth in manufacturing sector. Express photo by Vishal Srivastav 29.04.2017

India’s consumer price inflation numbers remained steady in September while industrial production rose favourably. According to preliminary data released by the Central Statistics Office on Thursday, the consumer price index (CPI) increased 3.28 per cent year on year against the August numbers of 3.36 per cent.

Experts and economists predicted a rise in inflation from the August figures though it was widely projected to remain under 4 per cent. Food price inflation also dipped from 1.52 per cent to 1.25 per cent. CPI dropped 15 basis points or 0.15 per cent month-on-month and food prices dipped 1.36 per cent in September. The drop in CPI comes after a five-month period of hikes.

Meanwhile, the index of industrial production (IIP) increased to 4.3 per cent in August against July’s figure of 1.2 per cent. Since June, IIP has also recovered from a negative position to a favourable number now indicating waning impact of GST as well.

Looking at the growth of industries in manufacturing sector, at least 10 out of the 23 industry groups in the manufacturing sector have shown an uptick in growth for August. The drop in inflation could also raise demands for a rate cut now from the Reserve Bank of India that had kept the benchmark rates unchanged due to rising inflation trend.

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  1. Vaarun M
    Oct 13, 2017 at 12:20 am
    Modi is gonna be for long time... Cool
    (2)(5)
    Reply
    1. Vaarun M
      Oct 13, 2017 at 12:18 am
      No subs ute to hard work, but pappu says. Working overtime as well malignin
      (0)(4)
      Reply
      1. L
        L bhadrapati Devi
        Oct 12, 2017 at 10:30 pm
        Arun JAITLEY and it's team are tirelessly working to put the economy to have stable price and growth rate. Your sincere effort is important than Congress policy of ease of doing corruption.
        (10)(7)
        Reply
        1. L
          L bhadrapati Devi
          Oct 12, 2017 at 10:27 pm
          Congress party may be nervous if economy shows sign of stability. Their objective is bad sign permenantly. Where is Rahul Gandhi to say what it is?
          (11)(6)
          Reply
          1. S
            Sr
            Oct 12, 2017 at 10:16 pm
            Now onwards so many fake news/ propaganda will forcefully come by this government to win the elections. Miseries of our common people are as usual. Now there expensive lavish election propaganda will be more with common people's hard earnings.
            (12)(12)
            Reply
            1. S
              Soma mitra
              Oct 12, 2017 at 11:28 pm
              True ..The first step was started yesterday by declaring the growth in tax collection .. CBDT Ko chaaku dikhaya hoga
              (9)(2)
              Reply
              1. rangarajan.phil@gmail.com
                Oct 12, 2017 at 11:54 pm
                U mean the stats from the respective cons utional bodies r all false news? Then take route of RTI to get clarity and get info
                (3)(3)
                Reply
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