Thursday, Apr 25 2024 | Time 18:34 Hrs(IST)
image
Business EconomyPosted at: Sep 12 2019 8:11PM


Retail inflation in August at 3.21 per cent vs 3.15 per cent in July

New Delhi, Sep 12 (UNI) Consumer Price Index inflation rate stood at 3.21 per cent in August compared to 3.15 per cent in July 2019, according to government data on Thursday.
However, despite the increase, the inflation rate is still below the RBI’s target of 4 per cent.
The rise in prices was mainly driven by the price rise in food items. Food inflation (CFPI) surged to 2.99 per cent in August from 2.36 per cent in July.
Inflation rate of Food and beverages stood at 2.96 per cent up from 2.36 per cent in the previous month, Pan, tobacco and intoxicants at 5 per cent, clothing and footwear at 1.23 per cent and housing at 4.84 per cent.
According to official data, industrial production growth slipped to 4.3 per cent in July, mainly on account of the poor show by the manufacturing sector. Factory output, as measured in terms of Index of Industrial Production, had expanded 6.5 per cent in July 2018.
UNI RSA SHK2011
Please log in to get detailed story.
Tags: #Retail inflation in August at 3.21 per cent vs 3.15 per cent in July
More News

Godrej & Boyce contributes to India’s energy transition initiatives; Undertakes orders worth 1000 Cr plus in FY’24

25 Apr 2024 | 5:58 PM

Mumbai, Apr 25 (UNI) Godrej Electricals & Electronics, a business unit of Godrej & Boyce, has announced the acquisition of orders worth Rs 1000 Cr plus in FY24 for their Power Infrastructure business.

see more..
Sensex surges 486 50 pts

Sensex surges 486 50 pts

25 Apr 2024 | 5:10 PM

Mumbai, April 25 (UNI) Extending its winning streak for the fifth consecutive day in a row, the BSE Sensex rallied 486.50 points to close high at 74,339.44 on the strength of services, metal, power, and auto stocks amid a strong Asian market.

see more..

Rupee ends flat at 83 32 against USD

25 Apr 2024 | 4:50 PM

Mumbai, April 25 (UNI) The rupee on Thursday ended steady at 83.32 against the USD on selling US dollars by bankers and exporters, dealers at the foreign exchange said.

see more..

Shree Cement joins RE100

25 Apr 2024 | 4:32 PM

Mumbai, Apr 25 (UNI) Shree Cement, one of India's largest cement producers with an installed capacity of over 56 MTPA, has announced its membership in the esteemed RE100 initiative, a global initiative led by Climate Group, advocating for businesses to convert to 100 per cent renewable electricity for all their operations.

see more..

Vedanta net down 27 pc in Q4

25 Apr 2024 | 4:26 PM

Mumbai, Apr 25 (UNI) Indian mining company Vedanta, with its operations in iron ore, aluminium, zinc, oil and gas, on Thursday reported 27 per cent dip in net profit at Rs 2,273 crore for the fourth quarter (January-March) of FY 24 from Rs 3,132 crore in same period a year ago.

see more..
image