Economy

Retail inflation for industrial workers lower at 10.85% in July

PTI New Delhi | Updated on March 12, 2018

Retail inflation for industrial workers eased marginally to 10.85 per cent in July compared to 11.63 per cent in June 2013 as prices of food articles remains at elevated level. The food inflation stood at 14.10 per cent in July against 14.86 per cent of the previous month.

Retail inflation for industrial workers has eased marginally to 10.85 per cent in July compared to 11.63 per cent in June this year, even as prices of food articles continued to remain high.

“The year—on—year inflation measured by monthly CPI—IW stood at 10.85 per cent for July, 2013 as compared to 11.63 per cent for the previous month and 9.84 per cent during the corresponding month of the previous year,” a Labour Ministry statement said.

The food inflation stood at 14.10 per cent against 14.86 per cent of the previous month and 11.27 per cent during the corresponding month of the previous year.

The retail inflation measured in terms of All India Consumer Price Index—Industrial Workers (CPI—IW) for July rose by 4 points and pegged at 235.

On 1—month percentage change, it increased by 1.73 per cent between June and July compared with 1.92 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from food group contributing 1.99 percentage points to the total change.

At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato and other Vegetables, electricity Charges, Firewood, Bus Fare, Petrol are responsible for the rise in index.

However, this surge in prices was compensated to some extent by groundnut oil, primary and secondary school fees putting downward pressure on the index.

The indices of 38 centres are above All—India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Ghaziabad centre remained at par with all—India index.

Published on August 30, 2013

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