IIP up by 2.6%, Retail inflation eases to 9.52%

The industrial output for July grew by 2.6% over the corresponding month of the previous year, government data showed on Thursday; The factory output, measured in terms of Index of Industrial Production (IIP), however, contracted 2.2% in June.

The three sectors that constitute the index are mining, manufacturing and electricity. The indices of industrial production for the mining, manufacturing and electricity sectors for the month of July 2013 stood at 117.0, 182.7 and 164.5, respectively.

The cumulative growth for the April-July period this fiscal over the corresponding period of the previous year is a contraction by 0.2 %. 

However, there was no reprieve in vegetable prices as they increased by 26.48% as against inflation of 16.4 % in July. Though there was softening in the prices of fruits in August month-on-month.
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