Tribune News Service
New Delhi, December 12
The economy may not be out of the woods yet with retail inflation shooting to a 15-month high of 4.88% in November, and factory output sliding in October on subdued performance by mining and manufacturing, government data showed today.
The Central Statistics Office released the two key macro economic data — Consumer Price Index (CPI) for November and Index of Industrial Production (IIP) for October — this evening.
The CPI-based retail inflation jumped to 4.88% in November as compared to 3.58% in the preceding month.
The IIP continued to decline and fell to a three-month low of 2.2% on annual basis in October mainly due to subdued performance of mining and manufacturing sectors coupled with a contraction in output of consumer durables. The IIP had expanded by 4.2% in October last year.