India’s industrial output raised marginally by 0.1% in Jan 2014

India’s industrial output recorded marginally 0.1 % growth in January, 2014 after contracting for three months in a row.

  • The marginal improvement in the Index of Industrial Production (IIP) was mainly on account of higher power generation and mining sector output, while manufacturing declined.

Though, the cumulative growth of the industrial production during the 10-month period from April to January of this financial year was flat compared to an over 1 % growth in the same period of 2012-13.

India’s consumer inflation falls to 8.10% in Feb 2014

India’s annual Consumer Price Inflation (CPI) falls to 8.10% in February 2014, i.e. 25-month low on account of lower food prices.

As per the Consumer Price Index (CPI) data, inflation fell for the third consecutive month and eased to 25-month low of 8.10 percent in February mainly on account of a drop in food prices. In other words, overall inflation in the food basket, including beverages, slowed to 8.57 % in February from 9.9 % in the previous month.

The rate at which vegetable prices increased eased to 14.04 % as against 21.91% in January. Retail inflation also slowed in protein-rich items viz. eggs, fish and meat to 9.69 % in February as opposed to 11.69 % in January.

Note: A Consumer Price Inflation (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.