Consumer Price Index for the Month of July 2016 – The All-India CPI-IW for July, 2016 increased by 3 points and pegged at 280.
Ministry of Labour has issued Press Release on Consumer Price Index for Industrial Workers (CPI-IW) — July, 2016
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st August, 2016
Consumer Price Index for Industrial Workers (CPI-IW) — July, 2016
The All-India CPI-IW for July, 2016 increased by 3 points and pegged at 280 (two hundred and eighty). On 1-month percentage change, it increased by (+) 1.08 per cent between June, 2016 and July, 2016 when compared with the increase of (+) 0.77 per cent between the same two months a year ago.
The maximum upward pressure to the change in current index came from Food group contributing (+) 1.65 percentage points to the total change. The House Rent index further accentuated the overall index by (+) 0.86 percentage points. At item level, Rice, Wheat, Wheat Atta, Besan, Black Gram, Gram Dal, Groundnut Oil, Eggs (Hen), Poultry (Chicken), Milk, Chillies Green, Garlic, Onion, Brinjal, Cabbage, Cauliflower, Gourd, Palak, Potato, Pumpkin, Banana, Sugar, etc. are responsible for the increase in index. However, this increase was checked by Fish Fresh, French Beans, Tomato, Electricity Charges, Petrol, etc. putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 6.46 per cent for July, 2016 as compared to 6.13 per cent for the previous month and 4.37 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 9.34 per cent against 8.33 per cent of the previous month and 3.21 per cent during the corresponding month of the previous year.
At centre level, Bokaro reported the maximum increase of 11 points followed by Munger-Jamalpur (10 points), Giridih, Agra and Delhi (9 points each). Among others, 7 points increase was observed in 4 centres, 6 points in 10 centres, 5 points in 5 centres, 4 points in 9 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 5 centres. On the contrary, Mysore recorded a maximum decrease of 6 points followed by Mundakkayam and Coimbatore (5 points each), and Hubli Dharwar and Emakulam (4 points each). Among others, 3 points decrease was observed in 4 centres, 2 points in 2 centres and 1 point in 5 centres. Rest of the 8 centres’ indices remained stationary.
The indices of 33 centres are above All-India Index and other 43 centres’ indices are below national average. The indices of Vishakhapathnam and Mundakkayam centres remained at par with All-India Index.
The next issue of CPI-IW for the month of August, 2016 will be released on Friday, 30th September, 2016. The same will also be available on the office website www.labourbureaunew.gov.in.