The September CPI Inflation rose, albeit moderately, to 3.77% from 3.69% in the previous month.As the monthly CPI and IIP data were released, they showed signs of double trouble, with inflation rising and factory output slowing. The September CPI Inflation rose, albeit moderately, to 3.77% from 3.69% in the previous month. Although, inflation is still within the 4% range of the Reserve Bank of India (RBI).
Meanwhile, the IIP data showed that the factory output in the month of August slowed down to 4.3% from 6.6% reported in July.
Details awaited…
Source: Financial Express