Inflation 5.24% in December 2018

Speed Post News Network

New Delhi : The All-India Consumer Price Index (CPI)-IW( Industrial Workers) for December 2018 decreased by 1 point and was pegged at 301. On 1-month percentage change, it decreased by (-) 0.33 percent between November 2018 and December 2018 compared to decrease of (-) 0.69 percent for the corresponding months of last year.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.38 percentage points to the total change. At item level, Onion, Banana, Coconut, Lemon, Brinjal, Cabbage, Chillies Green, Carrot, Cauliflower, French Bean, Palak, Peas, Potato, Radish, Tomato, Sugar, Cooking Gas, Petrol, etc. are responsible for the decrease in index. However, this decrease was checked by Fish Fresh, Poultry (Chicken), Tea (Readymade), ESI Contribution Premium, Repair Charges (Bicycle), etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.24 percent for December 2018 compared to 4.86 percent for the previous month and 4 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.96 percent against (-) 1.57 percent of the previous month and 4.32 percent during the corresponding month of the previous year.

At centre level Munger Jamalpur, Tripura and Doom-Dooma Tinsukia reported the maximum decrease of (6 points each) followed by Ranchi Hatia, Lucknow and Kanpur (5 points each). Among others, 4 points decrease was observed at 3 centres, 3 points at 7 centres, 2 points at 16 centres and 1 point at 13 centres. On the contrary, Salem recorded a maximum increase of 6 points followed by Jalpaiguri (5 points). Among others, 2 points increase was observed at 4 centres and 1 point at 12 centres. Rest of the 15 centres’ indices remained stationary.

The indices of 36 centres are above All-India Index and 41 centres’ indices are below national average. The index of Chandigarh centre remained at par with All-India Index, according to a PIB release.