Industrial output growth crawls at 2% in April; consumer inflation slows in May

12 June, 2013

India’s industrial production grew less than expected, at 2 percent in April from a year earlier, government data showed on Wednesday.

Analysts polled by Reuters had expected output to grow 2.4 percent annually.

Manufacturing, which constitutes about 76 percent of industrial production, grew 2.8 percent from a year earlier, the statistics office said.

Capital goods production, a barometer for investments in the economy, grew an annual 1 percent from a year earlier.

Consumer inflation slows to 9.31% in May

India’s annual consumer price inflation slowed for the third straight month in May to 9.31 percent, government data showed on Wednesday.

Consumer prices rose an annual 9.39 percent in April.

Food prices for consumers rose an annual 10.65 percent in May, slightly faster than an annual rise of 10.61 percent in April.

Unlike most central banks, the Reserve Bank of India mainly uses the wholesale price index (WPI) for setting up its monetary policy.

 


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Industrial output growth crawls at 2% in April; consumer inflation slows in May

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