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India: RBI Data Retail inflation in October 2021 rising IIP size slows speculation – India News


There have been two major economic issues. In fact, there has been a slowdown in rising commodity prices, while there has been a slowdown in industrial growth.

What is Retail Inflation Data? The decline in commodity prices rose slightly to 4.48 per cent in October at higher food prices. The fall in food prices rose to 0.85 per cent in October from 0.68 per cent last month, according to a report released by the National Statistical Office (NSO).

Note that Consumer Price Index (CPI) inflation was 4.35 per cent in September and 7.61 per cent in October 2020. The Reserve Bank of India has set a target of keeping inflation for CPI at 4 per cent, with a 2 per cent change in the ups and downs.

According to RBI estimates, CPI inflation will be around 5.3 percent in 2021-22. Subsequently, inflation is expected to remain at 5.2 percent in the April-June FY 2022-23 quarter.

What about manufacturing: The growth of the Index of Industrial Production (IIP) has been slow in September. IIP grew by 3.1 percent compared to the same month last year. According to the study, manufacturing output increased by 2.7 percent in September, 2021. The output of the mining sector grew by 8.6 percent in September, while the electricity sector grew by 0.9 percent. The risk of industrial growth in September 2020 was 1 percent.

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