InvestorQ : What are the latest inflation and IIP figures reported by the government of India?
sara Kunju made post

What are the latest inflation and IIP figures reported by the government of India?

Answer
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Dilmini Mercia answered.
3 months ago


On 12 June, the government announced the rates of IIP. For April, the IIP contracted by 55.5% making it one of the worst performances in history. That was expected because most of the businesses were shut in April so there was little that could be shown by way of growth. Within IIP, the manufacturing IP fell by 64% with mining and electricity doing slightly better. For the month of May, like in the month of April 2020, the inflation number was not announced. The government only announced food inflation for May at 9.28%, which is high by historical standards. However, the government did not announced the levels of headline inflation or core inflation.