April CPI inflation crashes to 18-month low of 4.7% due to favourable base
This is the first time since November 2021 that headline retail inflation has fallen below 5 percent
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This is the first time since November 2021 that headline retail inflation has fallen below 5 percent
For 2022-23 as a whole, industrial production clocked a growth of 5.1 percent as against 11.4 percent in 2021-22.
Get latest articles and stories on Business at LatestLY. India's headline consumer price index-based (CPI) inflation (or retail inflation) has gradually declined from its peak of 7.8 per cent in April 2022 to below 6 per cent now - which is below RBI's upper tolerance band. Business News | India's Retail Inflation Eases Sharply by 1 Percentage Point in April.
WPI inflation in February had come down to 3.85 per cent and in March 2022 it was at 14.63 per cent.
New Delhi, April 12: India's industrial output, which is measured by the index of industrial production (IIP), rose by 5.6 per cent in February, according to data released by the Ministry of Statistics and Programme Implementation on Wednesday.