Economic Buzz: IIP Firms Up, CPI Hits Four Month High

The domestic index of industrial production grew 4.9% in April, recording an improvement from 4.4% in March. The cumulative growth for the period April-March 2017-18 over the corresponding period of the previous year stands at 4.3%. Consumer price index (CPI) grew 4.87% in May, hitting a four-month high, from Aprils 4.58%, as prices of certain food items and fuel rose, data released by statistics office showed.