India's factory output grows sharply at 4.3% in August

India's factory output grows sharply at 4.3% in August

The September CPI stands at 3.28 per cent, against 3.23 per cent registered in August, CPI rural inflation is at 3.15 percent against 3.22 percent in August, CPI urban inflation stands at 3.44 percent against 3.35 percent in August, CPI core inflation is at 4.6 percent against 4.5 percent posted in August.

Economists had expected inflation to accelerate for a third straight month to 3.53 percent.

This month's CPI remained same as August 2017 at 3.28%, however lower compared 4.39% in the corresponding month of the previous year. The drop in inflation could also raise demands for a rate cut now from the Reserve Bank of India that had kept the benchmark rates unchanged due to rising inflation trend.

The IIP growth stood at 4 per cent in August 2016, as per data released by the Central Statistics Office (CSO).

Mining production showed a substantial jump of 9.4 percent in August from 4.8 percent in July.

Food and beverages during the month under consideration recorded a rise of 1.76 per cent over the same month a year ago. On the other hand, the inflation print rose in the fuel and light category to 5.56 per cent.

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The rate of price in vegetables softened to 3.92 per cent (from 9.97 per cent in August).

IIP growth slowed down to 2.2% during April-August this fiscal from 5.9% in the corresponding period last fiscal.

Meanwhile, the July IIP number was revised to 0.94 per cent from 1.2 per cent provisional estimates released last month.

Electricity production increased 8.3 percent in August as compared with 2.1 percent a year ago.

As food prices remained steady, the country's retail inflation also remained flat at 3.28% in September.

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