India’s Industrial production grows by 4.9% in April 2018, retail inflation hits 4-month high of 4.87% in May
The official data showed that the combined push of food and fuel prices drove retail inflation in India in May towards the 5 per cent mark.
India’s Industrial production (IIP) grew by 4.9 per cent in April 2018, according to Govt data.
The Index of Industrial Production (IIP) had grown by 4.57 per cent in March, official data showed.
However, India's retail inflation in May, inched up close to 5% mark.
The official data also showed that the combined push of food and fuel prices drove retail inflation in India in May towards the 5 per cent mark.
As per numbers furnished by the Central Statistics Office, the consumer price index (CPI) inflation in May stood at 4.87 per cent, recording more than double the growth over the 2.18 per cent recorded in May last year, and up from the 4.58 per cent in April 2018.
The consumer food price index (CFPI) in May moved up to 3.1 per cent over the 2.8 per cent recorded in the previous month.