Industrial growth slows; retail inflation at 15-month high

The Consumer Price Index (CPI)-based inflation rate rose to a 15-month high of 4.88% in November

Worrying signs surfaced on the industrial growth and inflation fronts on Tuesday, less than two weeks after the official data showed economic growth rose 6.3 per cent in the second quarter of the current financial year as against 5.7 per cent in the first. 

The Consumer Price Index (CPI)-based inflation rate rose to a 15-month high of 4.88 per cent in November, on account of rising prices of food products, particularly vegetables, and fuels. Growth in the Index of Industrial Production (IIP) declined by almost half to a three-month low of 2.2 per cent in October despite it being a