Published: Mon, March 12, 2018
Business | By Tara Barton

Retail inflation falls to 4.4 percent in February

Retail inflation falls to 4.4 percent in February

The industrial production, which was 3.5 per cent in the same month last year, has seen a consistent growth in the past one year. It grew by 8.7 percent during the month as compared to 2.5 percent in January 2017, showing signs of recovery in the economy.

In January, retail inflation had declined to 5.07 per cent while the inflation based on wholesale prices had eased to a six-month low of 2.84 per cent.

Epic Research Chief Executive Officer Mustafa Nadeem also noted that CPI data has been crucial for bond market and its effect on Indian equity market since last 6 month, and it was at 5.07 per cent as compared to above 5.2 (per cent) levels.

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Retail inflation, which is an indicator of price rise has cooled down to a four-month low, since it was recorded at 4.88 per cent in November 2017. Consumer non-durable goods, which are mainly fast moving consumer goods, too showed an increase of 10.5% as against a growth of 9.6%. It was at 5.07 percent in January.

Industry group "Manufacture of other transport equipment" has shown the highest positive growth of 33.1% followed by 27.8% in "Manufacture of furniture" and 26.6% in "Manufacture of motor vehicles, trailers and semi-trailers". IIP grew at 4.1% in April-January this fiscal as compared to 5% in same period in previous financial year. Inflation for the fuel and light category was at 6.80 per cent in February against 7.73 per cent in January. This is led by a sharp correction in vegetable prices and continued disinflation in pulses. This clearly shows that inflation is not a serious risk for India.

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