Odisha recorded the highest inflation at 7.22 per cent, followed closely by Bihar at 6.37 per cent and Karnataka at 5.98 per cent. This divergence highlights regional economic disparities as the country grapples with rising prices.
Concurrently, the Index of Industrial Production (IIP) surged to a seven-month high of 5.9 per cent in May, reflecting robust growth in mining (5.9 per cent), manufacturing (4.6 per cent), and a remarkable increase in electricity production (13.7 per cent).
These contrasting trends underscore the complex interplay between inflation and industrial performance across India.
The urban-rural inflation divide continued, with rural inflation increasing to 5.66 per cent and urban inflation rising to 4.39 per cent in June.
This persistent gap is driven by higher food prices and a greater weight of food items in the rural consumption basket (54.2 per cent) compared to urban areas (36.3 per cent).
This story is from the July 14, 2024 edition of The Business Guardian.
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This story is from the July 14, 2024 edition of The Business Guardian.
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