The retail inflation front has suffered a setback once again. Retail inflation rose to 7.59 per cent in January 2020. This is a high level of about 6 years. Earlier it had gone up to 7.39 per cent in July 2014. Retail inflation stood at 7.35 per cent in December 2019. In January last year, it was 1.97 percent.
Food inflation was recorded at 13.63 percent in January, which was (-) 2.24 percent in January 2019. However, it has been less than the level of 14.19 per cent in December 2019. Vegetable inflation was recorded at 50.19 percent last month. The retail inflation for pulses and other related products was 16.71 percent. Inflation in cereals and related products was 5.25 percent in January.
Industrial production down
The industrial production front has also suffered once again in December. Industrial production declined by 0.3 per cent in December 2019. The reason for this was the slowdown in the manufacturing sector. A year ago in December 2018, it had recorded an increase of 2.5 percent. According to data from the National Statistics Office, manufacturing in the manufacturing sector declined by 1.2 per cent in December, compared to a growth of 2.9 per cent in December 2018. Electricity production declined by 0.1 percent in December, which increased by 4.5 percent in December 2018. However, the production of mining sector increased by 5.4 percent, which was decreased by 1 percent in December 2018.
During the April-September period of the current financial year, the growth rate of industrial production was down by 0.5 per cent, compared to a growth of 4.7 per cent in the same period of 2018-19.