Consumer price inflation for industrial workers unchanged at 5.61% in August
01 October 2018
The All-India Consumer Price Index for Industrial Worker (CPI-WI) for August 2018 rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products.
"The year-on-year inflation based on CPI-IW remained stagnant at 5.61 per cent for August 2018 compared to the previous month and 2.52 per cent during the corresponding month of the previous year," a labour ministry statement said.
The CPI-IW index remained unchanged at 301 while it remained static between July 2018 and August 2018.
The maximum upward pressure to the change in current index came from miscellaneous and food groups contributing (+) 0.25 and (+) 0.07 percentage points respectively to the total change. At item level, rice, wheat, wheat atta, groundnut oil, brinjal, cabbage, carrot, parval, mango (ripe), sugar, cooking gas, petrol, ornaments, glass etc are responsible for the increase in index. However, this increase was checked by fish (fresh), poultry (chicken), eggs, onion, French beans, methi, peas, radish, tomato, apple, guava etc putting downward pressure on the index.
At centre level Ranchi-Hatia and Bhavnagar reported the maximum increase of 5 points each, followed by Kodarma (4 points). Among others, 3 points increase was observed in 9 centres, 2 points in 7 centres and 1 point in 13 centres. On the contrary, Pune and Tripura recorded a maximum decrease of 3 points each, followed by 2 points decrease in 6 centres and 1 point in 15 centres. Rest of the 23 centres’ indices remained stationary.
The indices of 37 centres are above All-India index and 41 centres’ indices are below national average.