Udayavni Special

Retail Inflation drops to 4.59%, industrial production contracts 1.9%


PTI, Jan 12, 2021, 7:12 PM IST

Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.

Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation. The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.

India’s industrial production also contracted by 1.9 per cent in November, according to the Index of Industrial Production (IIP) data. The manufacturing sector output shrank by 1.7 per cent in November 2020.

Mining output also declined 7.3 per cent, while power generation grew 3.5 per cent. The IIP had grown by 2.1 per cent in November 2019. Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7 per cent in the month.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Dhoni comparisons amazing but Pant wants a name for himself in Indian cricket

Pandemic effect: Lalbagh Republic day flower show postponed

COVID-19: India records 15,223 new cases

Covid-19 vaccination: Karnataka reports 463 adverse events

PM Modi greets people on statehood days of Manipur, Tripura, Meghalaya

Govt offers to suspend agri laws, farmers to reply on Jan 22

Lasith Malinga retires from franchise cricket


Related Articles More

Sensex jumps over 300 pts to breach 50,000-mark for 1st time; Nifty tops 14,700

Reliance-Future deal gets SEBI nod, BSE ‘no-adverse-observation’ status

Trade unions ask govt to put on hold implementation of 4 labour codes

Cairn says engaged with Indian govt on adherence to arbitration award

Auto dealers’ body urges FM to introduce vehicle depreciation benefits for individuals in Budget

MUST WATCH

Service on Wheels: Government services at one’s doorstep

Homemade Toy Electric Car using Waste Materials

Ullal: Condom found in donation box

Karunakar Kotegar | How to teach forgiveness | Udayavani

Arnab-Gupta WhatsApp chat leak!! New story, much misery…

Latest Additions

Bengaluru: HC upholds warrant to search SPDI offices

Dhoni comparisons amazing but Pant wants a name for himself in Indian cricket

What are the greatest threats the world faces in 2021 according to WEF’s report?

Pandemic effect: Lalbagh Republic day flower show postponed

COVID-19: India records 15,223 new cases

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.