India September Consumer Price Inflation Unchanged at 3.28%

Cornelia Mascio
Ottobre 12, 2017

Manufacturing sector, which constitutes over 77 percent of the index, showed a growth of 3.1 percent in August as compared to a growth of 5.5 percent in the same month previous year.

Industrial production grew at a nine-month high of 4.3 per cent in August, mainly on account of robust performance of mining and power sectors coupled with higher capital goods output, official data showed today. Rate of price rise in pulses continued with deflationary trend at (-) 22.51 per cent and eggs prices fell by 0.15 per cent.

The government today revised July's factory output growth to 0.9 percent in July, as compared with an earlier estimate of 1.2 percent.

The industry group "Manufacture of computer, electronic and optical products" showed the highest positive growth of 24.9 percent, followed by 16.5 per cent in "pharmaceuticals, medicinal chemical and botanical productsÂ" and 11.1 per cent in "other transport equipmentÂ". Primary goods output was 7.1%, up from 2.3% in July.

Underlying inflation also remained stable at 2.3 percent September.

Mumbai: Consumer inflation edged lower to 3.28 per cent for the month of September, driven by housing and fuel prices. The average rate of consumer prices over the last 12 months (October 2016 - September 2017), Y-o-Y, calculated against the CPI [consumer price index - ed.n.] stands at 0.4 pct.

There is no room or scope for further easing rates for at least 3-4 months.

Consumer prices were up 1.8% in September 2017 compared to September 2016.

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