March 22, 2018

IIP quickens to 7.5%, inflation softens

12 March 2018, 07:19 | Cesar Cruz

An Indian man works at a cycle spare parts factory in Ludhiana | Money Sharma AFP

India’s industrial output rose by 7.5% in January retail inflation declined to 4.44% in February

The cumulative CPI inflation was lower at 3.52% in April-December FY2018 compared with 4.58% in April-December FY2017. The Consumer Price Index inflation, which measures the change in retail prices, had fallen to 5.07% in January.

RBI in this policy stated that the December bi-monthly resolution projected inflation in the range of 4.3-4.7% in the second half of 2017-18, including the impact of increase in HRA.

In February 2017, however, it was 3.65 percent.

In a sustained improvement in economic conditions, retail inflation in February eased as food prices softened, while industrial production soared in January.

Retail inflation, as measured by the Consumer Price Index (CPI), eased to 4.4% in February, following two months of figures above 5%.

The deceleration in CPI inflation will nudge the Reserve Bank of India (RBI) to hold off on hiking key repo rates as it sounded hawkish at the Monetary Policy Committee (MPC) meeting last month.

Beyonce Officially Announces 'On the Run II' Tour With JAY-Z
An errant Ticketmaster posting last week hinted at plans for a sequel to Beyoncé and Jay-Z's co-headlining On The Run Tour . When are Beyonce and Jay Z touring the United Kingdom ? The dream couple will play FirstEnergy Stadium on July 25.

In January, manufacturing grew by a robust 8.7 per cent, followed by 7.6 per cent increase in electricity generation.

In line with the recent trend of recovery in manufacturing, the sector, which constitutes 77.63 per cent of the index, grew by 8.7 per cent during January, as compared to 2.5 per cent in the same month a year ago.

The inflation also declined for milk and products to 3.83%, prepared meals, snacks, candies etc. 4.47%, oils and fats 1.09% and non-alcoholic beverages 1.34%.

Inflation in pulses and spices witnessed fall in price rise. It was 4.88 percent in November past year.

Interms of industries, sixteen out of the twenty-three industry groups in the manufacturing sector have shown positive growth during the month of January 2018 as compared to the corresponding month of the previous year.

"When it comes to consumer inflation, 4.4% in February may be lower than January, the undercurrent remains biased on the upside, making RBI disinclined towards any rate cut, though the industry would like it to happen", it said in a statement.

Other News

Trending Now

Why renaming Android Wear actually makes a lot of sense
In the case of Android Wear, you'll be notified that there's a watch nearby that can be paired with your phone. For a while now, it has been possible to pair an Android smartwatch with an iOS device.

Meghan Markle carries out first royal engagement with Queen
The most senior members of the Royal family have also reportedly been through similar training exercises in the past. Following the service, William, Kate, Harry and Meghan will walk through Dean's Yard to attend a reception.

China's Xi says looks forward to smooth US-North Korea talks
Chung is set to meet with Chinese President Xi Jingping on Monday evening ahead of his visit to Russian Federation on Tuesday. China is North Korea's only diplomatic ally and its most important trade partner.

Grab the default wallpaper for the Huawei P20 right here
Huawei P20 and P20 Pro will belong to the flagship segment, while the P20 Lite will fall into the mid-range category. A new leak suggests that the P20 series will launch with Android 8.1 pre-installed, along with the EMUI 8.1 skin.

DeVos Grilled on Arming Teachers: Students Could Legally Carry Assault Weapons?
DeVos, saying that too many men were falsely accused , set new rules making it harder for accusers to prove their accusations. DeVos, who supports " school choice ", could not provide evidence that the policy helps students.

Man Arrested in 1986 Massachusetts Murder of a Teenager
My thoughts today are not just with my own family, but also with all the families who have lost loved ones to violence. Gilpin said the arrest "leaves us cautiously optimistic that justice for Tracy is within reach".

Daycare owner sentenced for drugging kids so she could tan, work out
Prosecutors said the 32-year-old's crimes are more than just criminal mistreatment as she had a history of criminal activity. The children who had been left in her care during those trips had melatonin in their systems, according to court documents.

Warren Gatland: 'Emotional' Wales fullback Liam Williams risked red
However, Wales quickly made light of the man-disadvantage as it extended the lead just three minutes into the second half. North powered over for his second try of the game 14 minutes from time to secure the bonus point. "It's what we wanted".

EPL: Cech sets new record as Arsenal crush Watford
Watford increased their intensity in the opening 10 minutes of the second half, although the Gunners defence remained solid. Mkhitaryan sealed the game with a with a left footed shot in the 77th minute. "We had a very good first half", said Wenger.

WWE issues statement on Jeff Hardy's Weekend Arrest, more details emerge
Hardy was placed under arrest at the scene and charged with misdemeanor Driving While Impaired. The following statement was released by WWE regarding Hardy's weekend arrest per PWInsider .