According to the official data, Higher food and fuel prices marginally accelerated India’s September retail inflation to 3.77 percent from 3.69 percent in August.
Inflation in the business sector in the month of September has risen by a slight margin of 0.8 percent from 3.69 percent to 3.77 percent. Inflation in the food and beverages has risen to 1.08 percent from 0.78 percent as in August
However, the clothing and footwear section has seen a relief in the rates, as the inflation rate has slightly dropped from 4.88 percent to 4.64 percent.
Already people are worried about the unaffordable housing prices, however, the housing sector performed well in September as compared to August, as in the month of September has dropped by a point margin from 7.59 percent to 7.07 percent.
The country generates huge revenue from taxes from the pan, tobacco and intoxicants sector, the sector has seen a drastic rise from 5.41 percent to 5.57 percent.
Industrial production slowed to a 10-month low of 4.3 percent in August, as a drastic slow down is witnessed in the manufacturing, mining, and consumer durables sectors, as per the released official data.