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Retail Inflation in India Rises to the Highest Since May 2014 at 7.59%, Factory Output Shrinks

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 16, 2020 6:20 PM 1 min read
Editorial

Retail inflation in India rose to 7.59% in January vs 7.35% in the previous month.

 

INDIA

Retail inflation in India rises to the highest since May 2014 at 7.59%.

Mounting Worries

Retail inflation in India rose to 7.59% in January vs 7.35% in the previous month on the back of higher prices of food items such as vegetables, eggs, meat and fish, along with spike in fuel costs. [BBG Quint]

 

 

In addition to this, data released by the National Statistical Organisation showed that industrial output contracted 0.3% in December compared to a 1.8% rise in November due to decline in the manufacturing sector. [New Indian Express]

 

Spoke Too Soon?

The news comes shortly after Finance Minister Nirmala Sitharaman recently opined that there were several signs the economy is not in trouble and with the measures taken by the Government, the economy is moving forward.

FIN.

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