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Business News/ News / India/  CPI inflation for industrial workers rises to 5.24% in December
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CPI inflation for industrial workers rises to 5.24% in December

The inflation measured by monthly CPI-IW stood at 5.24% for Dec 2018 as compared to 4.86% for the previous month and 4% during Dec 2017
  • Food inflation in Dec stood at (-) 0.96% against (-) 1.57% in Nov and 4.32% in the year-ago month
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    New Delhi: Retail inflation for industrial workers increased to 5.24% in December 2018 as compared to 4% in the year-ago period.

    "The inflation measured by monthly CPI-IW (consumer price index-industrial workers) stood at 5.24% for December 2018 as compared to 4.86% for the previous month and 4% during December 2017," a labour ministry statement said.

    According to the statement, the food inflation in December stood at (-) 0.96% against (-) 1.57% in November and 4.32% in the year-ago month.

    The All-India CPI-IW for December declined by 1 point and pegged at 301. On 1-month percentage change, it dropped by (-) 0.33% between November-December 2018 when compared with the fall of (-) 0.69% for the corresponding months of 2017.

    It said the maximum downward pressure to the change in current index came from the food group, contributing (-) 1.38 percentage points to the total change.

    Onion, banana, coconut, lemon, brinjal, cabbage, chillies green, carrot, cauliflower, french bean, spinach, peas, potato, radish, tomato, sugar, cooking gas, petrol, etc are responsible for the decline in index.

    However, it said the decline was checked by fish, poultry (chicken), tea (readymade), ESI (Employees' State Insurance) premium, repair charges (bicycle), putting upward pressure on the index.

    Centre wise, Munger Jamalpur, Tripura and Doom-Dooma Tinsukia reported the maximum drop of (6 points each) followed by Ranchi Hatia, Lucknow and Kanpur (5 points each). Among others, 4 points fall was observed in 3 centres, 3 points in 7 centres, 2 points in 16 centres and 1 point in 13 centres. On the contrary, Salem recorded a maximum increase of 6 points followed by Jalpaiguri (5 points). Among others, 2 points increase was observed in 4 centres and 1 point in 12 centres. In the rest 15 centres, indices remained stationary.

    The indices of 36 centres are above All-India Index and in 41 centres, indices were below national average. The index of Chandigarh centre remained at par with All-India Index.

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    Published: 31 Jan 2019, 07:49 PM IST
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