Retail inflation at 3.28 per cent in September

India September Consumer Price Inflation Unchanged at 3.28%

India September Consumer Price Inflation Unchanged at 3.28%

Manufacturing sector, which accounts for more than three-fourth of the entire index, continued to growth at 3.1 percent in August, compared with 0.1 percent growth in July, government data showed. The CPI Inflation for September was recorded 3.28%, down from previous month's 3.36% mainly due to fall in food prices post monsoon.

The earlier projected Inflation rate for August stood 3.36 per cent. IIP or Index of Industrial Production grew to a nine-month high of 4.3 per cent in August.

Food and beverages during the month under consideration recorded a rise of 1.76 per cent over the same month previous year.

India's annual retail inflation remained static in September with a marginal drop in the food prices.

The primary goods output is at 7.1 per cent in August, against 2.3 per cent in July, the capital goods output is at 5.4 per cent in August, against -1 per cent in July.

The recovery in industrial output is a clear indication that the companies have begun restocking and building fresh inventories after clearing up the stockpile in June ahead of the Goods and Services Tax's (GST's) roll out from July 1. A Reuters poll showed that economists expected consumer inflation to rise to 3.60 per cent in September.

The August electricity sector output is at 8.3 per cent, against 6.5 per cent in July.

The Central Statistics Office (CSO) also revised downwards the August inflation to 3.28 per cent from 3.36 per cent.

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