Double whammy: CPI inflation at 8-month peak, IIP recovery slows

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Updated: October 13, 2020 8:17 AM

Retail inflation surged to an eight-month high of 7.34% in September, while industrial output contraction in August came in at 8%, indicating the slowness of recovery process.

The all-India Consumer Price Index for Industrial Workers (CPI-IW) for October 2020 increased by 1.4 points and stood at 119.5 points.

Retail inflation surged to an eight-month high of 7.34% in September, while industrial output contraction in August came in at 8%, indicating the slowness of recovery process.

Food inflation spiked to 10.68% in September, against 9.05% in August. Capital goods output shrank for 20 months in a row, while consumer durables saw a 15th straight month of fall in August.

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