Retail inflation has declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March. The prices in the vegetables basket eased to 12.16 per cent in March. It was 21.29 per cent in February. Inflation in protein-based items like egg, meat and fish stood at 14.36 per cent during the month. In oils and fats segment, it stood at 11.72 per cent. Among all the constituents that make the CPI, cerealsrecorded the highest inflation of 17.55 per cent in March, according to data released today. Besides, inflation in pulses stood at 11.38 per cent and in sugar it was 11.65 per cent on an annual basis.In urban areas, retail inflation declined to 10.38 per cent in March from 10.84 per cent in the previous month. The CPI for rural population fell to 10.33 per cent during the month from 11.01 per cent in February. The industrial growth slipped to 0.6 per cent in February this year. The decline is attributed mainly to contraction in power generation and mining output and poor performance of manufacturing sector.Factory output, as measured by the Index of Industrial Production had grown by 4.3 per cent in February last year.For the April-February period of 2012-13 fiscal, the industrial production growth is at 0.9 per cent, down from 3.5 per cent in the same period of 2011-12.The manufacturing sector, which constitutes over 75 per cent of the index, grew by meagre 2.2 per cent in February, as against 4.1 per cent in the same month of 2012.There was a contraction of 3.2 per cent in power output in February this year compared to a growth of 8 per cent in the same month of 2012.Overall, 13 of the 22 industry groups in manufacturing sector have shown positive growth during February.
News On AIR | April 12, 2013 8:15 PM
Retail inflation declines to 10.39% in March; Feb industrial growth slips to 0.6%