Retail inflation drops for the first time below the 6% barrier in 2022

Retail inflation in India dropped below 6% in November for the first time this year, slowing to 5.88% from 6.77% in October, with consumer-experienced food price inflation falling to 4.67% from over 7% in October. However, rural retail inflation remained strong at 6.09%.

India’s industrial output fell sharply by 4% in October, the second time in three months that levels have decreased year-over-year. A major 5.6% decline in manufacturing output and little growth in energy generation were the main drivers of this decline. According to updated data, industrial output increased by about 3.5% in September.

Manufacturing output fell to its lowest level since June 2021, while the Index of Industrial Production (IIP) fell to 129.6 in October, its lowest level since September 2021.

This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close