December retail inflation dips to 4.59% on cheaper vegetables; Nov IIP shrinks to 1.9%
December retail inflation dips to 4.59% on cheaper vegetables; Nov IIP shrinks to 1.9% January 12, 2021 Industrial growth pulled down by manufacturing & mining; interest rate cut unlikely Two key economic indicators — headline inflation rate and industrial growth rate — registered a decline, but with a difference. While the headline retail inflation slipped to 4.59 per cent in a positive development, the industrial growth number contracted to 1.9 per cent, with manufacturing sputtering. Although new headline retail inflation rate is within the targeted range of 2-6 per cent with a median...
Source: thehindubusinessline.com