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Retail inflation for industrial workers rose to 11.06 per cent in October compared to 10.7 per cent in the previous month mainly on account of rise in price of food items and higher electricity charges.
“The year on year inflation measured by monthly Consumer Price Index for Industrial Workers (CPI—IW) stood at 11.06 per cent for October as compared to 10.7 per cent for the previous month and 9.6 per cent during the corresponding month of previous year,” a Labour Ministry statement said.
According to the press release, the food inflation stood at 15.02 per cent against 13.36 per cent of the previous month and 9.91 per cent during the corresponding month of 2012.
The largest upward pressure to the change in the current index came from food group contributing 2.53 percentage point to the total change.
Rice, wheat flour, fresh fish, goat meat, milk, pure ghee, onion, vegetables items, readymade tea, electricity charges etc. are responsible for the rise in index.
However, the prices groundnut oil, ginger, petrol put the downward pressure on the index.
The CPI—IW for October rose by 3 points and pegged at 241.
On one month percentage change it increased by 1.26 per cent between September and October compared with 0.93 per cent between the same two months a year ago.
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