IIP growth slowest in 8 months, retail inflation at 4-month high
Factory output grew 2.4% in November, the slowest pace of expansion in last eight months, while retail inflation rose to a four-month high of 5.7% in December 2023 on the back of a spurt in food prices, according to a set of government data released on Friday. The retail inflation, based on Consumer Price Index (CPI), rose on account of spurt in prices of vegetables, pulses and spices. The inflation was 5.6% in November 2023 and 5.7% in December 2022.
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