New Delhi:
Retail inflation for factory workers rose to 6.49 percent in September from 5.85 percent in August 2022, mainly due to higher prices of certain foodstuffs, according to government data released Monday.
Year-over-year inflation for the month (September 2022) was 6.49 percent compared to 5.85 percent for the previous month (August 2022) and 4.40 percent during the corresponding month (September 2021) a year earlier ,” said a statement from the Ministry of Labor.
Likewise, it said food inflation was 7.76 percent, up from 6.46 percent the previous month and 2.26 percent in the same month a year ago.
The All-India CPI-IW (Consumer Price Index-Industrial Workers) for September 2022 rose 1.1 points to reach 131.3 points. In August 2022, that was 130.2 points.
At a one-month percentage change, it rose 0.84 percent from the previous month, compared with a 0.24 percent increase between corresponding months a year ago, it said.
The maximum upward pressure in the current index came from the food and beverage group, which contributed 0.68 percentage points to the overall change. At the article level, rice, wheat atta, buffalo milk, dairy milk, poultry/chicken, carrot, cauliflower, green coriander leaves, onion, potato, tomato, vada, idli, dosa etc are responsible for the increase in the index.
However, it stated that this increase was largely held back by fish (fresh), palm oil, mustard oil, sunflower oil, soybean oil, apple, asafoetida, orange, gourd (lauki) etc. which exerted downward pressure on the index.
At the mid-level, Bhavnagar recorded a maximum increase of 4.5 points. Among others, 6 centers registered an increase between 3 and 3.9 points, 10 centers between 2 and 2.9 points, 24 centers between 1 and 1.9 points and 30 centers between 0.1 and 0.9 points. On the contrary, Chindwara, Ahmedabad and Shilong each recorded a maximum drop of 0.6 points.
Among others, 8 centers registered a decrease between 0.1 and 0.9 points. The index of the rest of the six centers remained stationary.
The Labor Bureau, an attached office of the Ministry of Labor and Employment, has compiled a monthly consumer price index for industrial workers based on retail prices collected from 317 markets across 88 industrially important centers in the country.
The index is compiled for 88 centers and All-India and is released on the last business day of the following month.
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