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Consumer Price Inflation Rises To Around 5% In February Compared To 4% In Last Month

India s retail or consumer price inflation rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Friday. This marked a sharp jump compared to a final reading of 4.06% in January. The retail inflation in food prices as measured by consumer food price index almost doubled to 3.87% in February as compared to 1.96% in the previous month. The overall inflation rate stayed within the Reserve Bank Of India s target of 2-6% for the third consecutive month. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

IIP Contracts Nearly 2% In November 2020

The Index of Industrial Production (IIP) saw a contraction of 1.9% for November 2020, reverting back to the declining territory after rising in the previous two months, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Tuesday. For November, IIP with base 2011-12 stands at 126.3, the Ministry s data showed. IIP for mining, manufacturing and electricity sectors for the same month stand at 104.5, 128.4 and 144.8, respectively. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even du

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