New Delhi: According to the Consumer Price Index (CPI) data released by the government on Thursday, inflation stood at 7.27 per cent in September 2020.
It was 4.62 per cent in October 2019. The rise in general inflation was mainly on account of elevated food prices. As per the data, the Consumer Food Price Index (CFPI) rose to 11.07 per cent in October, up from 10.68 per cent in the previous month of September.
The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4 per cent (+, – 2 per cent).
Industrial production remained flat at 0.2% growth in September, despite higher output of mining and power generation sectors, official data showed on Thursday.
According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 0.6%.
The output of mining and power segments grew at 1.4% and 4.9%, respectively.
The IIP had contracted by 4.6% in September 2019.
With the gradual relaxation of restrictions, there has been a relative improvement in the economic activities by varying degrees as well as in data reporting, the Ministry of Statistics and Programme Implementation said in a statement.
It may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic, it added.
