India's YoY inflation rate for clothing-footwear 4.61% in Sept

The consumer price index (CPI) for clothing and footwear increased from 188.9 and 181 in August to 189.3 and 181.4 respectively in September. Taken as a single group, the CPI for clothing and footwear rose from 187.7 in August to 188.2 in September.

The country’s CPI-based overall YoY inflation declined to a three-month low of 5.02 per cent in September this year, provisional data released yesterday by the National Statistics Office (NSO) showed.

The rate has come back to the Reserve Bank of India's (RBI) comfort level of below 6 per cent after a gap of two months. CPI was 7.44 per cent in July this year, and 6.83 per cent in August.

The month-on-month decline in CPI in September was 1.13 per cent.

Industrial output as measured by the index of industrial production (IIP) was 10.3 per cent in August 2023. Factory output measured in terms of the IIP had contracted by 0.7 per cent in the month, an official release from the National Statistical Office said.

The manufacturing sector output and power output grew by 9.3 per cent and 15.3 per cent respectively in August. The IIP grew by 6.1 per cent in the April-August period this year compared to 7.7 per cent in the same period of the last fiscal.

Fibre2Fashion News Desk (DS)