Consumer price inflation rises to 11.06% in October

Consumer price inflation based on the consumer price index for industrial workers stood at 11.06 per cent for October 2013 against 10.70 per cent during the previous month, due mainly to high food prices.

Consumer price inflation based on food prices recorded a significant rise at 15.02 per cent in October 2013 from 13.36 per cent in September 2013, data released by the labour bureau showed.

CPI-IW stood at 9.60 per cent during the corresponding month of the previous year, while food price inflation stood at 9.91 per cent during the corresponding month of the previous year.

The largest increase in prices was in the food group, which accounted for 2.53 percentage points of the total change.

Item wise, the largest increases in prices were recorded in rice, wheat atta, fish, goat meat, milk (cow and buffalo), ghee, onion, vegetables, tea (beverage), electricity, etc.

This was, however, moderated to some extent by downward movement in prices of groundnut oil, ginger and petrol.

Centre-wise, Bhavnagar recorded the highest increase of 9 points each followed by Ahmedabad, Labac Silchar and Kodarma (8 points each) and Vadodara and Surat (7 point each).

Among others, eight centres recorded increases of 6 points each, 10 centres recorded increases of 5 points each, eight centres recorded increases of 4 points each, nine centres recorded increases of 3 points each, 10 centres recorded increases of 2 points each and 11 centres recorded increases of 1 point each.

Against this, Belgaum and Chhindwada centres reported a decline of 3 points each, followed by Mercara (2 points) and Salem, Hubli Dharwar and Puducherry (1 point each). Rest of the 15 centres reported no changes in the indices.

The indices of 39 centres were above all-India index and in other 38 centres the indices were below national average.