Retail inflation for factor workers rose to 10.7%

New Delhi: Retail inflation for industrial workers has surged to 10.7 percent in September compared to 9.14 percent in same month last year, mainly on account of rise in price of food items, fuel and
retail inflation for factor workers rose to 10.7...
India TV News Desk 31 Oct 2013, 09:05 PM IST
New Delhi: Retail inflation for industrial workers has surged to 10.7 percent in September compared to 9.14 percent in same month last year, mainly on account of rise in price of food items, fuel and electricity charges.





"The year-on-year inflation measured by monthly Consumer Price Index Index-Industrial Workers (CPI-IW) stood at 10.70 percent for September, 2013 as compared to 10.75 percent for the previous month and 9.14 percent during the corresponding month of the previous year," a Labour Ministry statement said.

The Food inflation stood at 13.36 percent in September against 13.91 percent of the previous month and 11.00 percent in same month of last year.

According to the statement the largest upward pressure to the change in current index came from miscellaneous group contributing 0.44 percentage points to the total change.

At item level, Arhar Dal, Goat Meat, Dairy Milk, Milk (Cow & Buffalo), Pure Ghee, Snack Saltish, Tea Leaves, Onion, Electricity Charges, Firewood, College Fee, Secondary School Fee, Petrol, Bus Fare, Tailoring Charges, etc, are responsible for the rise in index.

However, this was compensated to some extent by Wheat, Groundnut Oil, Mustard Oil, Poultry, Ginger, Vegetables and Fruit items, putting downward pressure on the index.

CPI-IW for September rose by 1 points and pegged at 238. On 1-month percentage change, it increased by 0.42 percent between August and September compared with 0.47 percent between the same two months a year ago, the release said.

At centre level, Labac Sichar recorded the highest increase of nine points each followed by Varanasi and Vishakhapattnam (seven points each) and Bhilwara, Tripura and Darjeeling (six points each).

Among others, five points rise was registered in three centres, four points in two centres, three points in seven centres, two points in 14 centres and one point in 15 centres.

On the contrary, Goa reported a decline of eight points followed by Godavarikhani (seven points), Bhavnagar (five points) and Nagpur and Ahmedabad (four points each). Among others, three point decline was observed in two centres and one point in six centres.

Rest of the 15 centres' indices remained stationary. The indices of 39 centres are above All-India Index and other 38 centres' indices are below national average. The index of Ajmer centre remained at par with all-India index.
 
   
 

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