Retail inflation eases to 5.02%, IIP output hits 14-month high

India’s industrial output jumped to a 14-month high of 10.3 per cent in August, primarily driven by a base effect along with an uptick in manufacturing, mining, capital goods and consumer durables.
Inflation rate for consumers, or retail inflation, also eased to a three-month low of 5.02 per cent in September with a sharp moderation in food prices, especially of vegetables, and the impact of the LPG price cut, data released by the National Statistical Office (NSO) on Thursday showed.
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