Retail inflation in May at 3.05 pc, industrial production gains

ANI
12 Jun 2019, 23:37 GMT+10

New Delhi [India], June 12 (ANI): The retail inflation in May rose to 3.05 per cent as compared to 2.99 per cent in the previous month, government data showed on Wednesday.

The hike was mainly due to the rise in food prices, according to the Ministry of Statistics and Programme Implementation.

Food prices, which is a gauge to measure changes in kitchen budgets, grew 1.83 per cent in May as compared to 1.1 per cent in April.

However, retail inflation is below the Reserve Bank of India's medium-term target of four per cent, giving it room for more interest rate cuts.

Meanwhile, industrial production grew at a six-month high of 3.4 per cent in April mainly on account of improvement in mining and power generation.

The Index of Industrial Production (IIP) had expanded by 4.5 per cent in April 2018. The expansion in the mining sector was 5.1 per cent compared to 3.8 per cent in the year-ago month. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Jose Sun.

More Information

US Sports

Section

NCCA holds project proposals workshop in Ozamiz

OZAMIZ CITY, MISAMIS OCCIDENTAL, July 24 (PIA)--The National Commission for Culture and the Arts (NCCA) and the Culture and Arts ...

3 killed following riot between soccer fans in Honduras

Tegucigalpa [Honduras], Aug 19 (ANI): At least three people lost their lives and several others sustained injuries when clashes broke ...

Demi-Leigh's sweet message to Tim Tebow on his birthday

Demi-Leigh's sweet message to Tim Tebow on his birthday 2019-08-16 15:58 share this Tim Tebow, Demi-Leigh Nel-Peters (Photo: Getty Images) ...

3 Detroit Tigers pitchers combine to blank Tampa Bay Rays, 2-0

Detroit Tigers pitchers combine to blank Tampa Bay Rays, 2-0 Detroit Free Press Daniel Norris, Drew VerHagen and Joe Jimenez ...

2019 IDP Projections- Cleveland Browns - Dynasty League Football

2019 IDP Projections: Cleveland Browns Dynasty League Football Membership provides on only access to awesome dynasty *content* 365 days a ...

Quick Strikes- The Athletic ranks Tampa Bay Lightning farm system 23rd in league - Raw Charge

Quick Strikes: The Athletic ranks Tampa Bay Lightning farm system 23rd in league Raw Charge Perhaps this eternal underrating of ...

Business

Section