Consumer price inflation for industrial workers declines slightly to 9.55 per cent in November

The annual rate of inflation based on the consumer price index for industrial workers (CPI-IW) stood at 9.55 per cent in November 2012 against 9.60 per cent in the previous month and 9.34 per cent during the corresponding month of the previous year.

Similarly, food inflation stood at 10.85 per cent in November against 9.91 per cent in the previous month and 7.61 per cent during the corresponding month of the previous year.

The all-India consumer price index for industrial workers (CPI-IW) rose 1 point to 218 in November 2012, increasing by 0.46 per cent between October and November compared with 0.51 per cent increase during the same period a year ago.

Food items contributed most to the upward momentum in the current index, with an increase of 0.86 per cent, accounting for 1.01 percentage points to the total change.

Item wise, the largest upward pressure came from rice, wheat atta, mutton, milk, onion, potato, tea (readymade), snacks etc. The other items like cooking gas, medicine (allopathic), bus fare, auto rickshaw fare, flower/flower garlands, tailoring charges etc also put upward pressure in total change.

Pulses and its products contributed most to the downward change in current index with a decline of 0.38 per cent, contributing (-) 0.03 percentage points to the total change. However, at item level, vegetables and fruits like cauliflower, radish, palak, brinjal and orange put downward pressure on the index.