Friday, July 12, 2024

Decrease in inflation rate while increase in industrial production index

Prathamesh Telang

New Delhi : The country's retail inflation rate has come down to 4.75 percent, which is the lowest percentage in the last year, it is clear from the data released by the National Statistics Office on Wednesday (12).

The index of industrial production of the country increased by 5 percent compared to the month of April last year. In the month of April this year, the retail inflation rate was 4.83 percent. It has come down to 4.75 per cent in May, giving relief to the common man. Inflation Rate Inflation rate is directly related to purchasing power. For example, if the inflation rate is 6 percent, Rs 100 earned will be only Rs 94. Therefore, this marginal inflation rate should be low.

In April 2024, there was an increase of 5 percent in the index of industrial production compared to April 2023. This index was 4.6 percent in the month of April last year. Primary goods, infrastructure/construction goods and consumer durables contributed significantly to this growth. According to the National Statistics Department, the growth rate of three sectors namely mining, manufacturing and power was 6.7 percent, 3.9 percent and 10.2 percent respectively in this year.

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