Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Retail inflation for industrial workers rises to 11.47% in November
BackBack

Retail inflation for industrial workers rises to 11.47% in November

Food inflation stood at 16.17% in November against 15.02% the previous month and 10.85% in November 2012

The all India CPI-IW for November rose by 2 points and pegged at 243. Photo: MintPremium
The all India CPI-IW for November rose by 2 points and pegged at 243. Photo: Mint

New Delhi: Retail inflation for industrial workers inched up marginally to 11.47% in November compared to 11.06% in October and 9.55% in the same month last year due to higher prices of food items.

“The year-on-year inflation measured by monthly Consumer Price Index-Industrial Workers (CPI-IW) stood at 11.47% for November, 2013, as compared to 11.06% for the previous month and 9.55% during the corresponding month of the previous year," a labour ministry statement said.

The all India CPI-IW for November rose by 2 points and pegged at 243. On one month percentage change, it increased by 0.83% between October and November compared with 0.46% between the same two months a year ago.

“...the food inflation stood at 16.17% against 15.02% of the previous month and 10.85% during the corresponding month of the previous year," it said.

According to the press release, the largest upward pressure to the change in the current index came from food group contributing 2.23 percentage points to the total change.

At item level, rice, wheat, wheat atta, milk, pure ghee, garlic, potato, tomato and other vegetable items, tea readymade, etc. are responsible for the rise in the index. However, this (rise in index) was compensated to some extend by groundnut oil, fresh fish, poultry, onion, ginger, electric charges, medicine (allopathic), petrol, putting downward pressure on the index.

At centre level, Bokaro recorded the highest increase of 11 points followed by Giridih, Kodarma, and Angul-Talcher (9 points each), Munger-Jamalpur (8 points) and Rourkela, Sholapur and Raniganj (7 points each). Among others, 6 points rise was registered in five centres, 5 points in five centres, 4 points in eight centres, 3 points in 15 centres, 2 points in 14 centres and 1 point in 12 centres. On the contrary, Surat centre reported a decline of 6 points followed by Amritsar, Bhavnagar and Vadodara (4 points each), Coonoor and Nagpur (2 points each) and Ahmedabad centre one point. Rest of the 4 centres’ indices remained stationary. The indeces of 40 centres are above the all India Index and other 38 centres’ indices are below national average.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 Dec 2013, 11:50 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App