Economy Rising retail inflation, falling growth stoke worries of stagflation Updated : December 13, 2019 08:29 AM IST Annual retail inflation increased to 5.54 percent last month, faster than the 4.62 percent rate in October and ahead of 5.26 percent forecast in a Reuters poll of analysts. October industrial output fell 3.8 percent year on year, dropping for the third straight month, with all three major sectors -- mining, manufacturing and electricity – shrinking. "Today's IIP-CPI mix clearly signals that India is entering into a kind of stagflationary phase," said Rupa Rege-Nitsure, chief economist, L&T Financial Services. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.