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Temporary respite: On latest retail inflation and industrial output data


Price stability must be maintained even as steps to boost demand are taken
The latest retail inflation and industrial output data from the National Statistical Office (NSO) offer some relief from the pall of gloom cast by the relentless second wave of the COVID-19 pandemic. Provisional headline inflation slowed to a three-month low of 4.29% in April, helped by softer food prices and a statistical base effect. The rate using an imputed index for the year-earlier period was 7.22%. A separate NSO release showed March industrial output jumped by 22.4%, benefiting again from the fact that the Index of Industrial Production (IIP) had posted an 18.7% contraction in March 2020, when the economy was halted by the start of a nationwide lockdown. A closer look at the inflation data reveals a substantial cooling in the prices of cereals, milk and milk products, vegetables, and pulses and products. While both cereals and vegetables saw a deflationary trend widen to -2.96% and -14.2%, resp ....

National Statistical Office , Industrial Production , Consumer Price Index , Temporary Respite , Price Stability , Steps To Boost Demand , Retail Inflation And Industrial Output Data , Second Wave Of The Covid 19 Pandemic , Softer Food Prices , Industrial Output , Index Of Industrial Production , Nationwide Lockdown , Inflation Dataprices , Milk And Products , Pulses And Products , Deflationary Trend , Dairy Products , Food And Beverages Category , Monetary Policy Makers , Double Digits , Consumer Price Index Data , Socio Economic Burden , Impact Of The Lockdown , Meat And Fish , Oils And Fats , Transport And Communication ,

Inflation eases to 4.29%; base lifts IIP


Updated:
Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%
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May not sustain: The turnaround in manufacturing relates to the period prior to lockdowns, says Srivastava.
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SRIRAM MA
Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%
India’s retail inflation slowed to a three-month low of 4.29% in April, from 5.52% in March, helped by softer food prices as well as a base effect. Separately, industrial output surged by 22.4% in March, lifted by the statistical impact of the year-earlier period’s Index of Industrial Production (IIP) being significantly lower on account of the national lockdown to contain COVID-19 imposed that month, data from the National Statistical Office showed on Wednesday. ....

Radhika Rao , Aditi Nayar , National Statistical Office , Industrial Production , ராதிகா ராவ் , தேசிய புள்ளிவிவர அலுவலகம் , தொழில்துறை ப்ரொடக்ஶந் ,