Shock for PM Modi.. Inflation rises, industrial output falls

New Delhi, Oct 12: Higher food and fuel prices accelerated India's September retail inflation to 3.77 per cent from 3.69 per cent in August, official data showed on Friday.Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in September 2018 was higher than in the corresponding period of last year, when it stood at 3.28 per cent.According to the data furnished by the Central Statistics Office (CSO), the Consumer Food Price Index (CFPI) rose 0.51 per cent in September from 0.29 per cent in August 2018. 

Meanwhile, industrial output eased in August with a slower rise of 4.3 per cent as compared to 6.52 per cent in July, official data showed on Friday.As per the data released by the Central Statistics Office (CSO), the Index of Industrial Production (IIP) in August was lower even on the year-on-year (YoY) basis. The industry output had increased by 4.8 per cent in August 2017."The cumulative growth for the period April-August 2018 over the corresponding period of the previous year stands at 5.2 percent," the Quick Estimates of IIP for the month of August 2018.On the YoY basis, factory output's growth was expanded by 4.6 per cent, whereas the mining sector's production declined by (-) 0.4 per cent and the sub-index of electricity generation increased by 7.6 per cent.