India’s inflation accelerated in October and industrial production grew in September, both defying expectations, official data showed on Thursday.
The consumer price index, or CPI, rose 7.61 percent year-on-year after a 7.27 percent increase in September. Economists had forecast 7.30 percent inflation.
The consumer food price index climbed 11.07 percent year-on-year after a 10.68 percent rise in the previous month.
Compared to the previous month, the CPI rose 1.28 percent and the CFPI climbed 2.48 percent in October.
Separate government data showed that industrial production increased 0.2 percent year-on-year in September, while economists were looking for a 2.0 percent decline.
Manufacturing shrunk 0.6 percent, while mining production rose 1.4 percent. Electricity output grew 4.9 percent.
In the April to September period, industrial production decreased 21.1 percent from a year ago.
Earlier on Thursday, the finance minister announced a third stimulus for the Indian economy that is severely hurt by the coronavirus pandemic.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.