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Monday, July 16, 2018

Industry figures out: Nov factory production jumps to 8.4%, a 25-month high

The Index of Industrial Production (IIP) had grown at 2 per cent in October 2017, while it grew by 5.1 per cent in November 2016.

By: ENS Economic Bureau | New Delhi | Updated: January 13, 2018 7:40:17 am
Nov factory production jumps to 8.4%, a 25-month high Food inflation, as measured by Consumer Food Price Index, rose to 4.96 per cent in December from 4.35 per cent the previous month.

Industrial output for November jumped to a 25-month high of 8.4 per cent, buoyed by higher output growth in manufacturing, consumer non-durables and infrastructure/construction goods sectors. The Index of Industrial Production (IIP) had grown at 2 per cent in October 2017, while it grew by 5.1 per cent in November 2016.

Retail inflation surged to a 17-month high of 5.21 per cent in December, led by a surge in food and housing prices, data released Friday by the Central Statistics Office (CSO) showed. Food inflation, as measured by Consumer Food Price Index, rose to 4.96 per cent in December from 4.35 per cent the previous month.

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