Retail inflation eases to 4-month low at 5.09% in Feb; IIP grows 3.8% in Jan
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
Except crude oil and natural gas, all other six industries recorded an expansion in July 2022.
The growth in the index of eight core industries can be attributed to the higher production of cement, coal, fertilisers and electricity during May 2022 over the corresponding period of last year.
The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared to 126.1 seen during the corresponding month of last year.
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.
The economy needs fiscal stimulus more than it needs a rate cut.