Consumer Price Index for July 2018 – 10 Point increase compared to previous month
Consumer Price Index for the month of July 2018 increased by 10 points and stood at 301 – DA from January 2019 for Central Government Employees and Pensioners is decided by Consumer Price Index for the period from January 2018 to December 2019
AICPIN for the month of July 2018
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st August, 2018
Consumer Price Index for Industrial Workers (CPI-IW) – July, 2018
The All-India CPI-IW for July, 2018 increased by 10 points and pegged at 301 (three hundred and one) On 1-month percentage change, it increased by (+) 3.44 per cent between June, 2018 and July, 2018 when compared with the increase of (+) 1.79 per cent between the corresponding months of previous year.
The maximum upward pressure to the change in current index came from Housing group contributing (+) 8.23 percentage points to the total change. The Food index further accentuated the overall index by (+) 1.30 percentage points. At item level, Eggs (Hen), Goat Meat, Chillies Green, Onion, Brinjal, Cabbage, Cauliflower, Gourd, Lady Finger, Mango (Ripe), Tomato, Sugar, Cooking Gas, Electricity Charges, Medicine (Allopathic), Primary School Books, etc. are responsible for the increase in index. However, this increase was checked by Rice, Coconut Oil, Fish Fresh, Poultry (Chicken), Banana, Coconut, Lemon, Secondary School Books, etc., putting downward pressure on the index.
The year-on-year inflation based on CPI-IW stood at 5.61 per cent for July, 2018 as compared to 3.93 per cent for the previous month and 1.79 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.32 per cent against 0.97 per cent of the previous month and (-) 0.32 per cent during the corresponding month of the previous year.
At centre level Nagpur reported the maximum increase of 32 points followed by Nasik (28 points) and Ghaziabad, Agra, Lucknow (26 points each). Among others, 23 points increase was observed in 3 centres, 21 points in 2 centres, 20 points in 1 centre, 18 points in 1 centre, 17 points in 2 centres, 15 points in 4 centres, 14 points in 2 centres, 13 points in 2 centres, 12 points in 3 centres, 11 points in 2 centres, 10 points in 3 centres, 9 points in 4 centres, 8 points in 5 centres, 7 points in 1 centre, 6 points in 6 centres, 5 points in 5 centres, 4 points in 3 centres, 3′ points in 8 centres, 2 points in 7 centres and 1 point in 6 centres. On the contrary, Coimbatore recorded a decrease of 2 points. Rest of the 2 centres’ indices remained stationary. The indices of 37 centres are above All-India Index and 41 centres’ indices are below national average.
The next issue of CPI-IW for the month of August, 2018 will be released on Friday, 28th September, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
(AMRIT LAL JANGID)
Source: Labour Bureau