India September Consumer Price Inflation Unchanged at 3.28%

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The mining sector in August grew 9.4% as compared to 4.8% in July, while manufacturing sector grew 3.1% as compared to 0.1% in the previous month.

The annual consumer inflation in September marginally eased to 3.28% from a year ago, the CSO data said.

Meanwhile, the index of industrial production (IIP) increased to 4.3 per cent in August against July's figure of 1.2 per cent.

According to data released by the government, the retail inflation rate for the month of August stood at 3.36 per cent.

Food and beverages during the month under consideration recorded a rise of 1.76 per cent over the same month past year.

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The primary goods output is at 7.1 per cent in August, against 2.3 per cent in July, the capital goods output is at 5.4 per cent in August, against -1 per cent in July.

The data revealed the overall food inflation moderated to 1.25 per cent in September from 1.67 per cent in the previous month.

The Index of Industrial Production (IIP) had registered a tepid growth of 1.2 per cent in July this year. The electricity sector also rose with its output at 8.3% as compared to 6.5% in July. A Reuters poll showed that economists expected consumer inflation to rise to 3.60 per cent in September.

But on a year-on-year basis, inflation in September however moderated. The rate continues to be below 4 per cent, the mid-term target set by the Reserve Bank of India (RBI).

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