Consumer price inflation for industrial workers rose to 6.16% in July
03 September 2022
Consumer price inflation for industrial workers, based on the All-India CPI-IW for July 2022, increased by 0.7 points and stood at Year-on-year inflation for the month stood at 5.78 per cent compared to 6.16 per cent for the previous month and 5.26 per cent during the corresponding month a year before, data released by the Labour Bureau of the ministry of labour and employment showed.
Food inflation for July 2022 stood at 5.96 per cent against 6.73 per cent of the previous month and 4.91 per cent during the corresponding month a year ago.
The maximum upward pressure in current index came from housing group contributing 0.37 percentage points to the total change. At item level, cooking gas, electricity (domestic), potato, Onion, Gourd, Mango, Banana, Chillies Dry, Cooked Meal, Wheat, Wheat Atta, Arhar Dal, tur dal etc were responsible for the rise in the index. However, this increase was largely checked by lower prices of tomato, poultry chicken, soyabean oil, sunflower oil, mustard oil, palm oil, rice, apple, lemon, radish, garlic, drum stick etc.
Centrewise, Udham Singh Nagar recorded a maximum increase of 3.8 points, followed by Jalpaiguri and Jalandhar with 3.3 and 3.2 points. respectively. Among others, 9 centres recorded increase between 2 and 2.9 points, 32 centres between 1 and 1.9 points and 24 centres between 0.1 and 0.9 points.
On the other hand, Salem recorded a maximum decrease of 4.1 points. Among others, 2 centers recorded decrease between 2 and 2.9 points, 3 centers between 1 and 1.9 points and 11 centres between 0.1 and 0.9 points. For the remaining three centres the indices remained stationary.
The Labour Bureau, an attached office of the ministry of labour and employment, compiles the Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.
The index is compiled for 88 centres and all-India and is released on the last working day of the succeeding month.