Posted 1/12/2024, 6:56:51 PM
Factory Growth Slows While Inflation Rises: Industrial Output at 8-Month Low as Food Prices Soar
- Factory output growth fell to 8-month low of 2.4% in November, while inflation jumped to 4-month high of 5.69% in December
- Food inflation rose to 9.53% in December, led by rising prices of fruits, vegetables, pulses and spices
- Consumer durables production contracted 5.4% in November, highlighting weak consumer sentiment
- Industrial output grew at slowest pace of 7.6% in November compared to double-digit growth in previous months
- Vegetables and pulses inflation continued to remain high at 27.64% and 20.73% respectively in December