Consumer price inflation rises to 11.47% in November
01 Jan 2014
Consumer price inflation based on the all-India consumer price index for industrial workers (CPI-IW) increased to 11.47 per cent in November 2013, compared to 11.06 per cent in the previous month and 9.55 per cent during the corresponding month of the previous year.
Similarly, inflation in food products, which has the highest weight in the index, stood at 16.17 per cent in November 2013, against 15.02 per cent of the previous month and 10.85 per cent during the corresponding month of the previous year.
The index rose by 2 points to 243 in November 2013, showing an increase of 0.83 per cent between October and November 2013, compared with 0.46 per cent increase between October and November 2012, data released by the ministry of labour and employment showed.
The largest upward pressure to the change in current index came from the food group, which contributed 2.23 percentage points to the total change.
At item level, higher prices of rice, wheat, wheat atta, milk, ghee, garlic, potato, tomato and other vegetable items, tea (beverage) etc were responsible for the rise in index.
However, this was compensated to some extent by a decline in the prices of groundnut oil, fish, poultry, onion, ginger, electric charges, medicine (allopathic), petrol, putting a downward pressure on the index.
At centre level, Bokaro recorded the highest increase of 11 points each followed by Giridih, Kodarma and Angul-Talcher (9 points each), Munger-Jamalpur (8 points) and Rourkela, Sholapur and Raniganj (7 points each).
Among others, 6 points rise was registered in 5 centres, 5 points in 5 centres, 4 points in 8 centres, 3 points in 15 centres, 2 points in 14 centres and 1 point in 12 centres.
On the contrary, Surat centre reported a decline of 6 points followed by Amritsar, Bhavnagar and Vadodara (4 points each), Coonoor and Nagpur (2 points each) and Ahmedabad centre I point. Rest of the 4 centres' indices remained stationary.
The indices of 40 centres were above the all-India index and other indices of 38 centres were below national average. The index of Tiruchirapally centre remained at par with all-India index.
