Consumer Price Index for Industrial Workers rise by 1 point

Speed Post News Network

New Delhi : The All-India Consumer Price Index Industrial Workers (CPI-IW) for November, 2017, increased by 1 point and was pegged at 288. On 1-month percentage change, it increased by (+) 0.35 per cent between October, 2017, and November, 2017, compared to the decrease of (-) 0.36 per cent for the corresponding months of last year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.10 percentage points. At item level, Wheat Atta, Eggs (Hen), Goat Meat, Milk (Cow), Onion, Tamarind, Bitter Gourd, Cabbage, Carrot, Coconut, Potato, Tomato, Cooking Gas, Electricity Charges, Firewood, Kerosene Oil, Private Tuition Fee, Petrol, Barber Charges, etc. are responsible for the increase in index.

However, this increase was checked by Arhar Dal, Gram Dal, Masur Dal, Urad Dal, Groundnut Oil, Fish Fresh, Poultry (Chicken), Chillies Green, Garlic, Ginger, Brinjal, Cauliflower, French Bean, Green Coriander Leaves, Methi, Palak, Radish, Apple, Banana, etc., putting downward pressure on the index, according to a PIB release.

The year-on-year inflation measured by monthly CPI-IW stood at 3.97 per cent for November, 2017, compared to 3.24 per cent for the previous month and 2.59 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 3.91 per cent against 2.26 per cent of the previous month and 1.66 per cent during the corresponding month of the previous year.

At centre level, Giridih reported the maximum increase of (7 points) followed by Salem and Puducherry (6 points each) and Rourkela, Sholapur, Mercara and Ghaziabad (5 points each). Among others, 4 points increase was observed in 5 centres, 3 points in 16 centres, 2 points in 13 centres and 1 point in 12 centres.

On the contrary, Kolkata recorded a maximum decrease of 3 points followed by Munger-Jamalpur, Amritsar, Chandigarh and Doom Dooma Tinsukia (2 points each). Among others, 1 point decrease was observed in 7 centres. Rest of the 13 centres’ indices remained stationary.

The indices of 34 centres are above All-India Index and 42 centres’ indices are below national average. The indices of Vishakhapathnam and Ghaziabad centres remained at par with All-India Index. The next issue of CPI-IW for the month of December, 2017, will be released on January 31, 2018.