Consumer price inflation for industrial workers rises to 5.33% in July
01 September 2020
Consumer price inflation for industrial workers based on annual rate of inflation for all-items stood at 5.33 per cent in July 2020 against 5.06 per cent in June and 5.98 per cent in the corresponding month of the previous year.
Food inflation in July 2020 stood at 6.38 per cent against 5.49 per cent in the previous month and 4.78 per cent in the corresponding month a year ago.
The All-India CPI-IW for July 2020 increased by 4 points or by 1.20 per cent between June and July 2020 compared to an increase of 0.95 per cent between corresponding months of the previous year, figures released by the Labour Bureau showed.
The maximum upward pressure in current index came from housing group contributing 2.28 percentage points to the total change. The food index further accentuated the overall index by 1.77 percentage points.
At item level, wheat atta, mustard oil, milk (buffalo), green chillies, brinjal, gourd, palak, parval, potato, tomato, snacks, cooking gas, fire wood, bus fare, petrol, tailoring charges, etc are responsible for the increase in index. However, this increase was checked lower prices of rice, fish, meat, poultry (chicken), lemon etc putting downward pressure on the index.
At centre level, Jamshedpur recorded the maximum increase of 36 points, followed by Haldia (23 points), Tiruchirapally (13 points), Kodarma and Faridabad (12 points each), Srinagar (11 points), Lucknow and Doom-Dooma Tinsukia (10 points each). Among others, 8 points increase was observed in 2 centres, 7 points each in 5 centres, 6 points each in 8 centres, 5 points each in 7 centres, 4 points each in 10 centres, 3 points each in 9 centres, 2 points each in 9 centres and 1 point each in 9 other centres.
On the contrary, Madurai recorded the maximum decrease of 5 points. Among others, 3 points decrease was observed in 1 centre, 2 points in another centre and 1 point each in 2 centres. In the remaining 6 centres indices remained stationary.
The indices of 31 centres are above all-India index and 45 centres indices are below national average. The indices of Chhindwara and Jalandhar centres remained at par with All-India Index.
Year-on-year inflation based on all-items stood at 5.33 per cent for July 2020 as compared to 5.06 per cent for the previous month and 5.98 per cent during the corresponding month of the previous year. Similarly, food inflation stood at 6.38 per cent against 5.49 per cent of the previous month and 4.78 per cent during the corresponding month a year ago.