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Retail price inflation in India reached 5% in June against 4.87% in May, as suggested by statistics from the Central Statistical Office
. ) was moderate at 3.2% in May compared to 4.9% in April.
The slowdown in industrial production follows a moderation in the growth of basic industries, which rose 3.6%.
The Consumer Price Index (CPI), which remains the main price indicator, indicates that inflation is slowly advancing towards the 6% tolerance level of the Reserve Bank of India.
Food price inflation rose 2.91% in June from 3.10% in May
. The mining, manufacturing and electricity sectors for May 2018 were 107.5, 129.1 and 164.7, respectively, with corresponding growth rates of 5.7%, 2 , 8% and 4.2% compared to May 2017 (Statement I). Growth in these three sectors between April and May 2018 was 4.9%, 4.0% and 3.1%, respectively, for the corresponding period of 2017.
According to the use-based clbadification, growth rates in May 2018 o In May 2017, 5.7% of primary goods, 7.6% of equipment goods, 0.9% of intermediate goods and 4.9% of goods. infrastructure / construction (state III).
Durable and non-durable consumer goods grew by 4.3% In 1965, the Reserve Bank of India (RBI) revised upward its inflation forecast to 4.8-4, 9% for the first half of 2018-1919.
] (This story was not edited by Business Standard staff and is generated automatically from a syndicated feed.)
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