The Consumer Price Index (CPI) or retail inflation rose 3.36 per cent in August from a year earlier, government data showed. The current rate of inflation is the highest in five months.
The rate, however, is still below the Reserve Bank of India’s (RBI) medium-term target of 4 per cent. In another set of data, the IIP or Index of Industrial Production for the month of July went up by 1.2 per cent. It has slipped from 4.5 per cent in the corresponding period, a year ago. The cumulative growth in IIP for the period April-July 2017 over the corresponding period of the previous year stands at 1.7 per cent.
Important Takeaways from Above News-
- Arun Jaitley is the current Finance Minister of India.
Source- The Times of India