Subrata Jana/Mint
Subrata Jana/Mint

Manufacturing output grows fast, output prices don’t

While manufacturing output has been growing smartly every month, output prices haven't been rising as fast

While manufacturing output has been growing smartly every month, output prices haven’t been rising as fast, indicating that manufacturers have little pricing power. The chart shows the output sub-index of the manufacturing Purchasing Managers’ Index (PMI), together with the output price sub-index. For the Reserve Bank of India’s (RBI’s) purposes, the numbers show that core inflation is well within control, at least in the manufacturing sector.

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