New Delhi, September 13: Industrial Production Index registered 1.2 per cent growth in July as compared to the same month of last year. It had declined by (-)0.1 per cent during June this year. The IIP had expanded by 4.5 per cent during July of 2016.
According to data released by the Central Statistics Office (CSO), July’s modest turnaround was mostly led by a revival in electricity, which grew at 6.5 per cent over the same month in 2016, and in “Other manufacturing” that grew at an impressive 20.9 per cent year-on-year.
The consumer price index (CPI) based inflation ticked up by 1 per cent to 3.36 per cent in August. The CPI based inflation stood at 2.36 per cent in July.
The August inflation number is the highest since March 2017, when it was recorded at 3.89 per cent.
Overall food inflation in August also moved up, reversing the deflationary trend, to 1.52 per cent, government data showed.
Daily consumables like fruits and vegetables turned costlier during the month with inflation print coming at 5.29 per cent and 6.16 per cent, respectively as against 2.83 per cent and (-)3.57 per cent in July, according to the data released by the CSO.
Likewise, prepared meals, snacks and sweets as a category turned dearer with the rate of price rise at 1.96 per cent from 0.43 per cent in July.
Also, transport and communication means were costlier during the month with inflation rising to 3.71 per cent from 1.76 per cent in July.
However, items such as cereals and products, meat and fish, oils and fats became cheaper at inflation prints at 3.87 per cent, 2.94 per cent and 1.03 per cent, respectively.
Manufacturing output, which has the maximum weightage in the overall index, inched up at a marginal 0.1 per cent in July. The mining output during the month in consideration rose 4.8 per cent
Among the six use-based classification groups, the output of primary goods grew by 2.3 per cent, consumer non-durables by 3.4 per cent and infrastructure or construction goods by 3.7 per cent.
In contrast, the output of intermediate goods declined by (-)1.8 per cent, consumer durables by (-)1.3 per cent and capital goods by (-)1 per cent.
With inputs from Agencies