Thursday, 14 December, 2017

Romania's annual inflation rate reaches highest level in four years

Industrial production has made a remarkable growth at 4.3% defying slowdown from previous month’s 1.2 Industrial production has made a remarkable growth at 4.3% defying slowdown from previous month’s 1.2
Nellie Chapman | 12 October, 2017, 16:34

Retail inflation came in at 3.28 per cent in September, unchanged from August, despite softening of vegetable and cereal prices, according to government data.

Manufacturing sector, which accounts for more than three-fourth of the entire index, continued to growth at 3.1 percent in August, compared with 0.1 percent growth in July, government data showed.

This was higher than the 4 per cent growth recorded in same month last fiscal.

Meanwhile, the July IIP number was revised to 0.94 percent from 1.2 percent provisional estimates released last month.

As per use-based classification, the growth rates in August 2017 over August 2016 are 7.1 per cent in primary goods, 5.4 per cent in capital goods, (-) 0.2 per cent in intermediate goods and 2.5 per cent in infrastructure/ construction goods. The consumer price index (CPI) based inflation stood at 4.39 percent during the same month previous year.

The industry group "Manufacture of computer, electronic and optical products" has shown the highest positive growth of 24.9% followed by 16.5% in "Manufacture of pharmaceuticals, medicinal chemical and botanical products" and 11.1% in "Manufacture of other transport equipment".

There is no room or scope for further easing rates for at least 3-4 months.

The benchmark consumer-price index rose 3.28% from a year earlier, the same pace as in August.

Mumbai: Consumer inflation edged lower to 3.28 per cent for the month of September, driven by housing and fuel prices.