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Marginal increase in CPI for industrial workers in August

by BQ News Bureau
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The All-India Consumer Price Index for Industrial Workers (CPI-IW) for August increased by 2 points and stood at 338 points. On one-month percentage change, it increased by 0.6 per cent between July and August compared to a 0.31 per cent increase between the corresponding period of the previous year.

The maximum upward pressure in current index came from Food group contributing 1.14 percentage points to the total change. At item level, rice, mustard oil, milk, chillies green, onion, brinjal, carrot, French bean, gourd, green coriander leaves, ladies finger, palak, parval, potato, banana, mango, tea, flowers and flower garlands are responsible for the increase in index. However, this increase was checked by wheat, wheat atta, fish fresh, goat meat, poultry (chicken), tomato, guava, etc., putting downward pressure on the index.

At centre level, Coimbatore recorded the maximum increase of 9 points followed by Salem (7 points) and Madurai (6 points). Among others, 5 points increase was observed in 3 centres, 4 points in another 3 centres, 3 points in 12 centres, 2 points in 14 centres and 1 point in 16 centres. On the contrary, Labac-Silchar recorded the maximum decrease of 4 points. Among others, 2 points decrease was observed in 3 centres and 1 point in 8 centres. Rest of 15 centres’ indices remained stationary.

The Ministry of Labour and Employment has been compiling Consumer Price Index for Industrial Workers every month on the basis of the retail prices of selected items collected from 289 markets spread over 78 industrially important centres in the country.

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