According to the use-based classification, the capital goods segment increased by 20.7 percent in November, compared to a decline of 2.6 percent in the same month the previous year, according to PTI.
Digital Desk: Retail inflation in India, as measured by the Consumer Price Index (CPI), fell to a one-year low of 5.72 percent this month, down from 5.88 percent in November, according to statistics issued on Thursday by the Ministry of Statistics and Programme Implementation (MoSPI). The decrease is attributed primarily to lower food prices.
Separately, India's industrial output, as measured by the Index of Industrial Production (IIP), increased to a five-month high of 7.1% in November 2022, up from (-)4.0% in October. The previous high, 12.6 percent, was set in June 2022.
During the month under review, mining output increased by 9.7% and power generation increased by 12.7%. Power generation climbed by 12.7 percent in November 2022, compared to 2.1 percent the previous month.
According to the use-based classification, the capital goods segment increased by 20.7 percent in November, compared to a decline of 2.6 percent in the same month previous year, according to PTI.
The retail inflation print last month was the lowest since December 2021. For the first time in calendar year 2022, the CPI fell below the Reserve Bank of India's (RBI) upper margin of 6%.
The government has mandated the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026.
