The country’s retail inflation, measured by the Consumer Price Index (CPI), eased marginally to 6.26 per cent in the month of June.
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Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a year-on-year growth of 29.3 per cent in May.
This is the second successive time that the CPI data has come over the Reserve Bank of India’s (RBI) upper margin of 6 per cent.
In a separate data released by MoSPI, the country’s factory output witnessed a growth of 29.3 per cent on-year to 116.6 during the month of May.
The IIP had crashed (-)33.4 per cent on-year to 90.2 in May 2020, the data showed. This was mainly due to the nationwide lockdown which was imposed last year to curb the first wave of coronavirus (Covid-19) pandemic.
