Consumer price inflation for industrial workers rises to 9.6 per cent in October

Consumer price inflation based on the monthly consumer price index (CPI-IW) stood at 9.60 per cent for October 2012 as compared to 9.14 per cent for the previous month and 9.39 per cent during the corresponding month of the previous year.

Similarly, food inflation stood at 9.91 per cent against 11.00 per cent of the previous month and 8.72 per cent during the corresponding month of the previous year.

Consumer price inflation for industrial workers increased by 0.93 per cent in between September and October 2012 against an increase of 0.51 per cent between September and October last year.

The All-India CPI-IW for October 2012 rose 2 points and stood at 217, increasing 0.93 per cent from September compared with 0.51 per cent between the same two months a year ago.

The largest upward increase in current index came from food items, which increased by 0.43 per cent, contributing 0.45 percentage points to the total change. At item level, largest upward pressure came from rice, wheat and wheat atta, milk, tea (readymade), snack (saltish), snack (sweet), onion, etc. The other items like cooking gas, electricity charges, fire wood, medicine (allopathic), doctors' fee, bus fare, cinema charges etc also put upward pressure in total change.

The largest downward contribution to the change in current index came from oils and fats with a decline of 1.08 per cent, contributing (-) 0.10 percentage points to the total change. The main downward pressure came from groundnut oil, coconut oil, vanaspati ghee and palm oil.