ENA Economy 2024-08-07 17:50:41 <p><span style="font-size:14px"><strong>New Delhi, Aug 7 (KNN)</strong> In a statement released by the Labour Ministry, retail inflation for industrial workers showed a modest decline in June 2024, dropping to 3.67 per cent from 3.86 per cent in May. This decrease is primarily attributed to lower prices of certain food items.</span></p> <p><span style="font-size:14px">The All-India Consumer Price Index for Industrial Workers (CPI-IW) registered at 141.4 points in June, up from 139.9 points in May 2024.</span></p> <p><span style="font-size:14px">Notably, the Food and Beverages Group within the CPI-IW rose to 148.7 points in June from 145.2 points in the previous month.</span></p> <p><span style="font-size:14px">Year-on-year comparisons reveal a significant moderation in inflation rates. June 2024's figure of 3.67 per cent marks a substantial decrease from the 5.57 per cent recorded in June 2023.</span></p> <p><span style="font-size:14px">The Labour Bureau, an office affiliated with the Ministry of Labour &amp; Employment, is responsible for compiling the monthly Consumer Price Index for Industrial Workers.</span></p> <p><span style="font-size:14px">This data is collected from 317 markets across 88 industrially significant centres nationwide.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38894 https://knnindia.co.in/news/newsdetails/economy/industrial-workers-retail-inflation-falls-marginally-in-june-2024 2024-08-07 17:50:41 knnindia.co.in