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New Delhi : The All-India Consumer Price Index for Industrial Workers (CPI-IW) for August, 2021 increased by 0.1 point and stood at 123.0 (one hundred twenty three). On 1-month percentage change, it increased by 0.16 per cent with respect to previous month compared to an increase of 0.60 per cent recorded between corresponding months a year ago.
Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and is released on the last working day of succeeding month. The index for the month of August, 2021, was released on September 30, 2021.
The maximum upward pressure in current index came from Miscellaneous group contributing 0.08 percentage points to the total change. At item level, Cow Milk, Dairy Milk, Mustard Oil, Palm Oil, Soyabean Oil, Almond, Sugar-white, Tea Leaf, Cooking Gas, Hospital/Nursing Home Charges, Petrol for Vehicle, Toilet Soap, etc. are responsible for the rise in index.
However, this increase was largely checked by Rice, Eggs (Hen), Fish Fresh, Poultry/Chicken, Apple, Banana, Guava, Mausami, Bitter Gourd, Cucumber, Drum Stick, French Beans, Lady’s Finger, Onion, Potato, etc. putting downward pressure on the index, according to a PIB release.
At centre level,Ludhiana recorded maximum increase of 3.5 points followed by Jalpaiguri, Guwahati, Jalandhar, and Munger-Jamalpur with 2.9 points, 2.6 points, 2.1 points, and 2.0 points respectively.Among others,11 centres observed an increase between 1 to 1.9 points and 33 centres between 0.1 to 0.9 points.
On the contrary, Coonoor recorded a maximum decrease of 5.5 points followed by Tirunelveli with 2.2 points. Among others, 5 centres observed a decline between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. Rest of 6 centres remained stationary.
Year-on-year inflation for the month stood at 4.79 percent compared to 5.27 percent for the previous month and 5.63 per cent during the corresponding month a year before. Similarly, Food inflation stood at 4.83 percent against 4.91 pe cent of the previous month and 6.06 percent during the corresponding month a year ago.
DP S Negi, Principal Advisor, Ministry of Labour & Employment, said that All-India Consumer Price Index for Industrial Workers (2016=100) for August, 2021, increased to 123.0 points compared to 122.8 points for July, 2021.