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Retail inflation at 17-month high in Dec ’17

DNMUM405456 | 1/13/2018 | Author : Praveena Sharma | WC :603 | Business & Economy



New Delhi: Two crucial macro numbers – retail inflation for December and factory output for November – released by the government on Friday indicate that the economy could well be on the recovery path.
The Index of Industrial Production (IIP) data published by the ministry of statistics and programme implementation (Mospi) shows that factory output had shot up to 25-month high of 8.4% in November after a tepid growth of 2% (revised from earlier 2.2%) in the month before. Simultaneously, the ministry also put out the Consumer Price Index (CPI) inflation number, which continued to be elevated at 5.2% in December compared to the 4.88% in November.
December’s retail inflation was pushed up mainly due to sharp rise in prices of
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