Retail inflation for industrial workers eases to 9.13%
Updated: Feb 01, 2014 03:15:54pm
New Delhi, Feb 1 (KNN) Though the retail inflation for industrial workers has eased to 9.13 per cent in December compared to 11.47 per cent in November and 11.17 in the same month in 2012, it is still in the nearby range of 10 per cent.
High CPI-IW exerts wage pressure on the industry, hitting the small and medium enterprises the most.
"The year on year inflation measured by monthly CPI-IW (Consumer Price Index-Industrial Workers) stood at 9.13 per cent for December 2013 as compared to 11.47 per cent for the previous month and 11.17 per cent during the corresponding month of the previous year," a Labour Ministry statement said.
According the statement, the food inflation stood at 11.49 per cent in December against 16.17 per cent in previous month and 13.53 per cent during the corresponding month of 2012.
The all India CPI-IW for December 2013 declined by four points and pegged at 239 points. On one month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 per cent between the same months a year ago.
The largest downward pressure to the change in current index came from Food group contributing (-) 4.96 percentage points to the total change, the release said.
At item level, onion, ginger, chillies green, brinjal, cauliflower, cabbage, peas, tomato, potato and other vegetable items, sugar etc are responsible for the decrease in the index.
However, this neutralised to some extend by fish, eggs, poultry, milk, pure ghee, garlic, fire wood, ESI (employees' state insurance) contribution, etc, putting upward pressure on the index.
At the centre level, Giridih recorded maximum decline of 12 points, while Ahmedabad, Chhindwara, Varanasi, Munger, Jamalpur, Nagpur and Bhavnagar (10 points), Jamshedpur (9 points) and Rourkela, Ludhiana, Tripura and Angul Talchar (8 points each).
On the contrary, Sholapur centre reported an increase of 4 points followed by Puducherry (2 points), Coimbatore and Srinagar centres 1 point each. Rest of the 3 centres’ indices remained stationary. (KNN/SD)
High CPI-IW exerts wage pressure on the industry, hitting the small and medium enterprises the most.
"The year on year inflation measured by monthly CPI-IW (Consumer Price Index-Industrial Workers) stood at 9.13 per cent for December 2013 as compared to 11.47 per cent for the previous month and 11.17 per cent during the corresponding month of the previous year," a Labour Ministry statement said.
According the statement, the food inflation stood at 11.49 per cent in December against 16.17 per cent in previous month and 13.53 per cent during the corresponding month of 2012.
The all India CPI-IW for December 2013 declined by four points and pegged at 239 points. On one month percentage change, it decreased by 1.65 per cent between November and December compared with the rise of 0.46 per cent between the same months a year ago.
The largest downward pressure to the change in current index came from Food group contributing (-) 4.96 percentage points to the total change, the release said.
At item level, onion, ginger, chillies green, brinjal, cauliflower, cabbage, peas, tomato, potato and other vegetable items, sugar etc are responsible for the decrease in the index.
However, this neutralised to some extend by fish, eggs, poultry, milk, pure ghee, garlic, fire wood, ESI (employees' state insurance) contribution, etc, putting upward pressure on the index.
At the centre level, Giridih recorded maximum decline of 12 points, while Ahmedabad, Chhindwara, Varanasi, Munger, Jamalpur, Nagpur and Bhavnagar (10 points), Jamshedpur (9 points) and Rourkela, Ludhiana, Tripura and Angul Talchar (8 points each).
On the contrary, Sholapur centre reported an increase of 4 points followed by Puducherry (2 points), Coimbatore and Srinagar centres 1 point each. Rest of the 3 centres’ indices remained stationary. (KNN/SD)
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