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February IIP slips to 20-month low, retail inflation for March inches up
Manufacturing output in Index of Industrial Production (IIP) slipped again into negative territory after a gap of two months, contracting 0.3 per cent in February as against a growth of 8.4 per cent in the year-ago period and 1.0 per cent growth in previous month.
Retail inflation for industrial works rises to 5.61pc in August
According to the statement, the food inflation was (-) 0.32 per cent in August as compared to 1.61 per cent during the year-ago period.
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Retail inflation hits 21-month high in May on rising food prices
The retail inflation measured on Consumer Price Index (CPI) for April has been revised upwards to 5.47 per cent from the earlier 5.39 per cent, government data showed on Monday.
China April consumer inflation less than expected, producer deflation eases
Inflation appeared to be driven largely by higher food prices, rather than an improvement in broader economic activity which many global investors had been hoping for.
Lowest in over 53 years: Banks’ deposit growth declines to below 10 per cent
Cut in repo rate, sluggish credit offtake cited as reasons for people keeping away from deposits.
After a year of expansion, IIP contracts to - 3.2% in Nov
Chief economic advisor Subramanian attributes decline to statistical reasons.
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Central confusion
While the RBI criticises policy, it does not use its own limited authority effectively.
Narrow your target
The RBI should think of finetuning its intervention to target ‘core’ CPI inflation.
Growth starved
We need a public investment stimulus. Budget must shift emphasis from fiscal deficit to revenue deficit.
RBI may push rate cut till fiscal-end on ‘base effect’ woes
Retail inflation may shoot up to 8% by March 2015.
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