Inflation for industrial workers eases
Updated: Mar 01, 2014 02:00:38pm
New Delhi, Mar 1 (KNN) With some easing in food prices, the inflation based on the consumer price index for industrial workers dropped to 7.24 per cent in January 2014 from 11.62 per cent a year ago. If the development continues, the pressure on the industrial wages may ease a bit.
The retail inflation for industrial workers for December 2013 was 9.13 per cent.
“The year-on-year inflation measured by monthly CPI-IW stood at 7.24 per cent for January, 2014, as compared to 9.13 per cent for the previous month and 11.62 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.94 per cent against 11.49 per cent of the previous month and 14.08 per cent during the corresponding month of the previous year,” said an official release.
According to a press release issued by the Labour Bureau, Ministry of Labour and Employment, “The largest downward pressure to the change in current index came from Food group contributing -2.78 percentage points to the total change. At item level, Groundnut Oil, Onion, Brinjal Cabbage, Carrot, Gourd, Palak, Peas, Potato, Tomato and other Vegetable items, Sugar etc. are responsible for the decrease in index.
“However, this was compensated to some extent by Housing Index and the prices of Rice, Wheat, Fish Fresh, Goat Meat, Poultry, Cooking Gas, Electricity Charges, Petrol etc. putting upward pressure on the index,” it said. (KNN/ES)
The retail inflation for industrial workers for December 2013 was 9.13 per cent.
“The year-on-year inflation measured by monthly CPI-IW stood at 7.24 per cent for January, 2014, as compared to 9.13 per cent for the previous month and 11.62 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.94 per cent against 11.49 per cent of the previous month and 14.08 per cent during the corresponding month of the previous year,” said an official release.
According to a press release issued by the Labour Bureau, Ministry of Labour and Employment, “The largest downward pressure to the change in current index came from Food group contributing -2.78 percentage points to the total change. At item level, Groundnut Oil, Onion, Brinjal Cabbage, Carrot, Gourd, Palak, Peas, Potato, Tomato and other Vegetable items, Sugar etc. are responsible for the decrease in index.
“However, this was compensated to some extent by Housing Index and the prices of Rice, Wheat, Fish Fresh, Goat Meat, Poultry, Cooking Gas, Electricity Charges, Petrol etc. putting upward pressure on the index,” it said. (KNN/ES)
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