Expert Views: India's consumer inflation eases to 3.28 percent in September

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The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2017 stand at 92.7, 123.3 and 155.4 respectively, with the corresponding growth rates of 9.4%, 3.1% and 8.3 % as compared to August 2016.

Industrial production (IIP) rose to 4.3 per cent in August, up from July's 1.2 percent growth.

The previous high in IIP growth was recorded at 5.7 per cent in November 2016. Rate of price rise in pulses continued with deflationary trend at (-) 22.51 per cent and eggs prices fell by 0.15 per cent.

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The industry group "Manufacture of computer, electronic and optical products" showed the highest positive growth of 24.9 percent, followed by 16.5 per cent in "pharmaceuticals, medicinal chemical and botanical productsÂ" and 11.1 per cent in "other transport equipmentÂ".

Inflation rose to 2.36 percent in July, after consistently falling for three straight months.

Underlying inflation also remained stable at 2.3 percent September. A Reuters poll showed that economists expected consumer inflation to rise to 3.60 per cent in September.

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Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

Retail inflation has been steadily rising since June, when it eased to 1.46 percent - its slowest pace since India started releasing such figures in January 2012, based on combined data for rural and urban consumers.

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