Consumer Price Index-based inflation (CPI) for the month of April eased to 4.87%, the lowest in four months, on back of another month of declining food prices, data by the Central Statistics Office showed on Tuesday.
Consumer Food Price Inflation (CFPI) for April was 5.11%, compared with 6.14% in March, and 9.21% for the same period last year. CPI inflation for March was 5.25%, while for April 2014, it was 8.38%.
After rising to almost 5% in February, the index of industrial production (IIP) fell to a five-month low of 2.1% in March. This resulted in the industrial production rising to 2.8% in 2014-15 against contraction of 0.1% in 2013-14.
Even as all the broader segments-- mining, manufacturing and electricity-- registered a growth in March, the consumer durables part of the manufacturing continued to show contraction.
Industrial growth in 2014-15 was same as in 2012-13. However, the growth was lower by 0.1 percentage points in 2011-12, which was marked down by a major slowdown in overall economic growth.
This showed that the secondary sector continued to remain sluggish in volume terms, even overall economic growth is estimated at 7.4% in 2014-15 against 6.9% in 2013-14. Overall economic growth slowed to 5.1% in 2011-12.
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