Retail inflation growth across the country based on Consumer Price Index (CPI) fell to 4.35 per cent in the month of September as food prices dropped, the data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed. As opposed to this, retail inflation had jumped to an eight-month high of 7.34 per cent in September 2020, primarily driven by higher food inflation.
Separately, the Index of Industrial Production (IIP) witnessed a growth of 11.9 per cent in August, according to the government data.
In August, the CPI inflation rate had eased to a four-month low of 5.3 per cent due to moderation in food prices along with a high base effect. Moreover, the inflation in food basket dropped to 0.68 per cent in September 2021, significantly down from 3.11 per cent in the preceding month.
Last year in August, the IIP had contracted 7.1 per cent. In July 2021, the industrial output rose by 11.5 per cent as against a 10.5 per cent contraction in July 2020, led by sharp expansion in the mining sector and growth recorded by the electricity and manufacturing sectors.