The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stands at 3.2 per cent.
The CPI Inflation, a measure of retail inflation, rose to 5.21% yoy in December 2017, 17 months high, due to rising food inflation and fuel inflation. Retail inflation breached the central bank's medium-term target for the second straight month in December which could intensify pressure for RBI to raise policy rates in the next few months.
India's consumer price inflation increased more than expected in December, figures from the Central Statistics Office revealed Friday. Vegetable prices rose the most in December - by 29.13%. They were previously reported to have increased 0.8 percent in November.
Still, inflationary pressures have a lot of support here that could push prices higher into 2018. The core PPI was up 2.4 percent in the 12 months through November.
"The data is consistent with the view of the Fed on inflation, which is that weakness in growth before was due to transitory factors", said Lewis Alexander, chief economist at Nomura Securities International Inc.in NY, who had projected a 0.3 percent monthly gain in core prices.
US consumer prices rose in December, bolstering expectations that long-weak inflation is set to gain strength in the new year....
Annually, the report said, headline inflation rose 2.1%, slightly down from November's reading of 2.2%.
Pakistani father of slain girl blames police for slow action
Demanding justice for the victim, the actress added: "We fail as a nation every time we witness a crime as heinous as this". Police said Zainab was strangled to death and an autopsy later revealed that she had been raped before being murdered.
Whilst more recent comments from New York Fed President Dudley have been hawkish, after he said, "The Fed may have to press harder on the brakes over the next two years", the Dollar has continued falling as actual data in the form of Producer Prices, otherwise known as PPIs or "factory gate" prices out yesterday, fell below estimates in December.
PHD Chamber's President Anil Khaitan said that as the "teething problem of GST" have been nearly over, the growth in industry has come with a strong rebound and "we look forward the growth to become more strong in the coming quarters". Amid talk of whether a bear market in bonds is nigh, a resurgence in the consumer-price index would add to the growing feeling that the 10-year Treasury yield will finally break higher in 2018, after doing little last year.
Last month, gasoline prices fell 2.7 percent after rebounding 7.3 percent in November.
However, the mining sector production growth slowed to 1.1% from 8.1% a year ago.
Meanwhile, despite reports of healthy sales from some stores during the holiday shopping season, department store sales declined 1.1 percent from the prior month, while sporting goods stores fell 1.6 percent.
The for final demand slipped 0.1 percent last month.
In a major improvement, fifteen out of the twenty three industry groups in the manufacturing sector showed positive growth in November 2017.