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October 1, 2022

CPI For Industrial Workers Up 0.3 Points

Urvi Srivastava Financial Reporting center, CPI, workers

economy

At the centre level, Solapur recorded a maximum increase of 3.9 points followed by Agra with 3.2 points

The all-India consumer price index for industrial workers (CPI-IW) for August increased by 0.3 points and stood at 130.2, informed the Ministry of Labour and Employment on Friday. 

On a one-month percentage change, it increased by 0.23 per cent with respect to the previous month compared to an increase of 0.16 per cent recorded between corresponding months a year ago, the ministry said. 

The maximum upward pressure in the current index came from the food and beverages group contributing 0.19 percentage points to the total change. 

At the item level rice, wheat flour, wheat, mango, buffalo milk, cooked meal, telephone charges mobile etc. are responsible for the rise in the index, it said. 

However, this increase was largely checked by apple, tomato, poultry chicken, soyabean oil, sunflower oil, domestic electricity, petrol for vehicles etc. putting downward pressure on the index.

At the centre level, Solapur recorded a maximum increase of 3.9 points followed by Agra with 3.2 points. 

Among others, five centres recorded an increase between 2 to 2.9 points, 20 centres between 1 to 1.9 points and 27 centres between 0.1 to 0.9 points, it said. 

The statement added, “Year-on-year inflation for the month stood at 5.85 per cent compared to 5.78 per cent for the previous month and 4.80 per cent during the corresponding month a year before.”

Similarly, the food inflation stood at 6.46 per cent against 5.96 per cent of the previous month and 4.83 per cent during the corresponding month a year ago. 

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Urvi Shrivastav

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