AccordingtothedatareleasedbytheNationalStatisticalOfficeNSOtheretailinflationrateshotuptoafivemonthhighinSeptemberwhilefactoryoutputcontractedafteragapof17monthsinAugustTheconsumerpriceindexCPIbasedinflationacceleratedto741percentinSeptemberfrom7percentinthepreviousmonthdrivenbya22monthhighfoodinflationrateof86percentIndiasindustrialproductionslippedtoan18monthlowcontractingby08percentinAugustmainlyduetoadeclineinoutputofthemanufacturingandminingsectorsThedatashowedthatthepreviouslowinindustrialoutputgrowthwasacontractionof32percentinFebruary2021whileitgrewby22percentinJulythisyear