Tuesday, August 3, 2021

September IIP jumps to 0.2 per cent from minus eight percent in August

The country’s factory output (IIP) for the month of September jumped to 0.2 percent from minus eight percent in August. According to the data released by the Ministry of Statistics and Programme Implementation today, the manufacturing sector logged a decline of 0.6 percent in September, while the output of mining rose 1.4 percent and the power sector appreciated 4.9 percent.

In September last year, IIP contracted by 4.6 percent. On the other hand, Retail inflation (CPI) inched up to 7.61 per cent in October. It is the highest level in nine months. According to the government data released today, inflation increased mainly due to rise in food prices. The inflation in the food basket surged to 11.07 per cent in the month of October, up from 10.68 per cent in September this year.

The CPI for the month of September this year revised to 7.27 per cent from 7.34 per cent.

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