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November IIP growth rises to 17-month high of 8.4%, retail inflation surges to 5.21% in December


India?s factory output growth leapt to a 17-month high in November, partly the effect of a lower year-ago base in the aftermath of demonetisation, and retail inflation also quickened to a 17-month high,confirming that an economic recovery is underway amid rising price risks.Data released by the Central Statistics Office (CSO) on Friday showed the Index of Industrial Production (IIP) rose to 8.4% in November from 2% in October; inflation measured by the Consumer Price Index (CPI) accelerated to 5.21% in December from 4.88% a month ago.This is the final set of data that finance minister Arun Jaitley will have before him as he sits down to finalize the budget for 2018-19, to be presented on 1 February.
Source: Latest News

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