Growth in industrial production slowed to 1.7 per cent in December last year, from 3.9 percent in November, mainly due to contraction in the mining sector. But growth in factory output in December last year, as measured by the Index of Industrial Production, was better than the 0.1 percent growth in December 2013.
According to government data, manufacturing output grew by 2.1 per cent in December last year, compared to a dip of 1.1 per cent in December 2013. But mining sector output contracted by 3.2 per cent in December last year.
For the April to December 2014 period, industrial output rose to 2.1 percent, against 0.1 per cent in year-ago period.
Meanwhile, retail inflation rose to 5.11 per cent in January this year, measured on the new base year of 2012. Inflation based on the Consumer Price Index had stood at 4.28 percent in December last year. Food inflation rose to 6.06 per cent in January.
Apart from revising the base year to 2012, from 2010, for computing the Consumer Price Index, the Central Statistics Office has changed the weights of items and groups, and has shifted to geometric mean for computing inflation, from the arithmetic mean used previously.
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