Speed Post News Network
New Delhi : The All-India Consumer Price Index for Industrial Workers (CPI-IW) for May 2018 increased by 1 point and waspegged at 289. On 1-month percentage change, it increased by (+) 0.35 percent between April 2018 and May 2018 compared to an increase of (+) 0.36 percent between the corresponding months of previous year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 0.68 percentage points to the total change. Rice, Groundnut Oil, Fish Fresh, Poultry (Chicken), Eggs (Hen), Mik, Pure Ghee, Chillies Green, Onion, Brinjal, Cabbage, Carrot, French Bean, Green Coriander leaves, Palak, Potato, Radish, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Wheat Atta, Mustard Oil, Chillies Dry, Lady’s Finger, Mango (Ripe), Torai, etc., putting downward pressure on the index, according to a PIB release.
The year-on-year inflation based on CPI-IW stood at 3.96 percent for May, 2018 as compared to 3.97 percent for the previous month and 1.09 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 percent against 1.33 percent of the previous month and (-) 1.63 percent during the corresponding month of the previous year.
At central level, Sholapur and Bhilai reported the maximum increase of 6 points each followed by Pune, Kodarma and Godavarikhani (5 points each). Among others, 4 points increase was observed at 2 centres, 3 points at 6 centres, 2 points at 18 centres and 1 point at 15 centres. On the contrary, Chhindwara, Darjeeling, Jalandhar, Jaipur and Ghaziabad recorded a maximum decrease of 2 points each. Among others, 1 point decrease was observed at 12 centres. Rest of the 15 centres’ indices remained stationary.
The indices of 36 centres are above All-India Index and 9 centres’ indices are below national average. The indices of Mumbai, Jabalpur and Chhindwara centres remained at par with All-India Index. The next issue of CPI-IW for the month of June 2018 will be released on July 31, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.