IIP recovers to 4.3% in Aug, retail inflation steady at 3.28% in Sept

CPI rose to 3.38 in August from 2.36 in the previous month. Inflation had stood at 1.46% in June

Call it early signs of recovery or re-stocking ahead of the festive season, industrial output expanded to a nine-month high of 4.3 per cent in August while the consumer price index (CPI)-based inflation rate remained stagnant at 3.28 per cent in September.

The food inflation rate declined to 1.25 per cent in September from 1.52 per cent in August, while the widely-tracked core inflation (inflation in manufacturing items sans food products) rate increased to 4.6 per cent from 4.5 per cent.

The index of industrial production (IIP) grew by 0.9 per cent in July after de-stocking due to pre-goods and services tax