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India retail inflation touches 6.26 percent in June India Retail Inflation

India retail inflation touches 6.26 percent in June

India Blooms News Service | @indiablooms | 12 Jul 2021, 06:44 pm

New Delhi:  India's retail inflation eased marginally to 6.26 per cent in the month of June, reveals government data released on Monday.

The Price data are collected from representatives and selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster.

During the month of June 2021, NSO collected prices from 99.6% villages and 98.6% urban Markets while the Market-wise prices reported therein were 78.7% for rural and 82.0% for urban.

India’s factory output, measured in terms of the Index of Industrial Production (IIP) marked a  year-on-year growth of 29.3 per cent in May.

For the month of May 2021, the Quick Estimates of Index of Industrial Production (IIP)with base 2011-12 stands at 116.6.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2021 stand at 108.0, 113.5 and 161.9 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 122.7 for Primary Goods, 65.6 for Capital Goods, 129.9 for Intermediate Goods and 129.8 for Infrastructure/ Construction Goods for the month of May 2021. 

Further, the indices for Consumer durables and Consumer non-durables stand at 78.7 and 136.4 respectively for the month of May 2021.

Along with the Quick Estimates of IIP for the month of May 2021, the indices for April 2021 have undergone the first revision and those for February 2021 have undergone the final revision in the light of the updated data received from the source agencies.

The Quick Estimates for May 2021, the first revision for April 2021 and the final revision for February 2021 have been compiled at weighted response rates of 87 percent, 92 percent and 94 percent respectively.

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