The inflation rate as measured by the consumer price index (CPI) was at 9.84 per cent in September and 9.52 per cent in the previous month.
Led by onions and tomatoes, vegetable prices rose 45.67 per cent in October from a year earlier, compared with a 34.93 per cent increase in the previous month, according to government data released on Tuesday. Fruits were dearer by 12.84 per cent.
The data showed that the corresponding provisional inflation rates for rural and urban areas for October were 10.11 per cent and 10.2 per cent, respectively.
Meanwhile, industrial production showed slight signs of recovery after remaining flat in August, as output grew by 2 per cent in September, mainly on account of better performance by power and mining sectors. Factory output, as measured in terms of Index of Industrial Production (IIP), had contracted by 0.7 per cent in September last year. IIP for August this year has been revised to 0.43 per cent from the provisional estimate of 0.6 per cent.
However, capital goods production, a barometer of investment demand, showed a decline of 6.8 per cent in the month as against a contraction of 13.3 per cent in September 2012. According to data released by the government, industrial output for April-September is 0.4 per cent compared to 0.1 per cent in the same period of 2012-13.
Power generation showed a healthy growth of 12.9 per cent in the month under review. Expansion in power generation was 5.9 per cent in April-September as compared to 4.6 per cent in the same period of the last year.
The manufacturing sector, which constitutes over 75 per cent of the index, grew by meagre by 0. 6 per cent in September as against a decline a of 1.6 per cent a year ago. During April-September, the sector’s output grew by 0.1 per cent compared to a decline of 0.3 per cent in same period last year.
Led by onions and tomatoes, vegetable prices rose 45.67 per cent in October from a year earlier, compared with a 34.93 per cent increase in the previous month, according to government data released on Tuesday. Fruits were dearer by 12.84 per cent.
The data showed that the corresponding provisional inflation rates for rural and urban areas for October were 10.11 per cent and 10.2 per cent, respectively.
Meanwhile, industrial production showed slight signs of recovery after remaining flat in August, as output grew by 2 per cent in September, mainly on account of better performance by power and mining sectors. Factory output, as measured in terms of Index of Industrial Production (IIP), had contracted by 0.7 per cent in September last year. IIP for August this year has been revised to 0.43 per cent from the provisional estimate of 0.6 per cent.
However, capital goods production, a barometer of investment demand, showed a decline of 6.8 per cent in the month as against a contraction of 13.3 per cent in September 2012. According to data released by the government, industrial output for April-September is 0.4 per cent compared to 0.1 per cent in the same period of 2012-13.
Power generation showed a healthy growth of 12.9 per cent in the month under review. Expansion in power generation was 5.9 per cent in April-September as compared to 4.6 per cent in the same period of the last year.
The manufacturing sector, which constitutes over 75 per cent of the index, grew by meagre by 0. 6 per cent in September as against a decline a of 1.6 per cent a year ago. During April-September, the sector’s output grew by 0.1 per cent compared to a decline of 0.3 per cent in same period last year.