India’s retail inflation, measured by the Consumer Price Index (CPI), rose to five.52 per cent in March 2021. It had stood at 5.03 per cent in February 2021. At the identical time, India’s industrial manufacturing contracted by 3.6 per cent in February, in keeping with official information launched on Monday.
According to the Index of Industrial Production (IIP) information launched by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021.
Analysts in a Reuters ballot had predicted annual inflation at 5.40% for the month.
Mining output slipped 5.5 per cent, whereas energy era grew by 0.1 per cent in February.
The IIP had grown by 5.2 per cent in February 2020.
During April-February, IIP contracted by 11.3 per cent in comparison with one per cent development within the corresponding interval of 2019-20.
Industrial manufacturing has been hit as a result of COVID-19 pandemic since March final yr when it contracted by 18.7 per cent.
