Food price inflation that measures kitchen costs, remained soft at 1.76 per cent. Vegetables prices grew at 3.92 per cent in September as compared to 6.1 per cent in August.
India's industrial production growth hit a nine-month high of 4.3% in August, according to data published by the Central Statistical Organisation (CSO) on October 12. A Reuters poll of economists which had projected inflation at 3.60 per cent. However, the with August's industrial production at 4.3%, it is inching towards 4.5% growth in July past year.
The National Bank of Romania (BNR) revised at the beginning of August the inflation forecast for the end of this year to 1.9 pct, given that it had previously estimated a 1.6 pct inflation rate, down 0.1 percentage points.
United Kingdom probe into Fox-Sky deal to assess Murdoch influence
Meanwhile the takeover of Sky is being held up by a United Kingdom investigation into the proposed deal worth £11.7 billion. On a constant currency basis, Sky reported a 5% year-on-year increase in revenues at £3.3 billion (US$4.4 billion).
As per use-based classification, the growth rates in August 2017 over August 2016 are 7.1 per cent in primary goods, 5.4 per cent in capital goods, (-) 0.2 per cent in intermediate goods and 2.5 per cent in infrastructure/ construction goods.
The Index of Industrial Production (IIP) had registered a tepid growth of 1.2 per cent in July this year.
Meanwhile, retail inflation recorded at 3.28 percent in September.
Sunshine, along with warm temperatures, returns Tuesday
After the cold front moves out cooler temperatures settle in with temperatures not differentiating too much from morning lows. Tuesday is beginning with mild temperatures, in the 60s and lower 70s - again, that's akin to a typical mid-summer morning.
It is a twin bonanza for the economy as the Consumer Price Index (CPI) for September has gone down and the industrial production for July has made a remarkable growth defying slowdown from the previous month. The rate continues to be below 4 per cent, the mid-term target set by the Reserve Bank of India (RBI).
It was 3.36 percent in the previous month.
Talwars acquitted by Allahabad High Court
The CBI court, presided by Additional Sessions Judge Shyam Lal, had, however, rejected the CBI's plea for death penalty in 2014. The verdict ends the ordeal of the parents who were found guilty by a CBI court in the sensational double murder case.