Retail or consumer inflation rose at lower-than-expected 3.28 per cent in September, unchanged from August.
Data on inflation and industrial production growth was released by the Central Statistics Office.
On the other hand, the industry group "Manufacture of furniture" has shown the highest negative growth of -16% followed by -15.1% in "Manufacture of tobacco products" and - 11.4% in "Printing and reproduction of recorded media". The CPI Inflation for September was recorded 3.28%, down from previous month's 3.36% mainly due to fall in food prices post monsoon.More news: USMNT not headed to 2018 World Cup and people are disgusted
Meanwhile, the July IIP number was revised to 0.94 percent from 1.2 percent provisional estimates released last month.
However, for the period April-August 2017, factory output grew at disappointing 2.2 per cent as compared to 5.9 per cent growth in same period last fiscal.
The latest print is lower than 4.39 per cent recorded in September a year ago.More news: Jamie Carragher's Premier League XI from the season so far
India's consumer price inflation numbers remained steady in September while industrial production rose favourably.
It is a twin bonanza for the economy as the Consumer Price Index (CPI) for September has gone down and the industrial production for July has made a remarkable growth defying slowdown from the previous month.
According to BNR, the CPI annual inflation rate going back to the target interval was estimated to occur in the third quarter of 2017.More news: Apple Rumoured to be Developing Foldable OLED iPhone with LG
There is no room or scope for further easing rates for at least 3-4 months.
- This actress to star opposite Hrithik, Tiger Shroff in Siddharth Anand's next
- Late-Night Hosts Mock Trump's "IQ Challenge" to Rex Tillerson
- Sergio Aguero coy on Manchester City return date
- Amazon Now Letting Teens Use Their Own Accounts With Parental Consent
- Apple, NBC Partner For Spielberg's 'Amazing Stories'
- SL Green Realty Corp's (NYSE:SLG) Sentiment is 1.03
- Apple placing bets on LG's display for an upcoming foldable smartphone
- Aarushi Talwar murder case verdict today: All you should know
- Pak Army recovers family of foreigners kept as hostage: ISPR
- Princess Nokia Pours Hot Soup On Subway Racist