No Change in Consumer Price Index – Govt releases AICPI (IW) for the month of November 2018
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st December, 2018
Consumer Price Index for Industrial Workers (CPI-IW) – November, 2018
The All-India CPI-IW for November, 2018 remained stationary at 302 (three hundred and two). On 1-month percentage change, it remained static between October, 2018 and November, 2018 when compared with the increase of (+) 0.35 per cent for the corresponding month of last year.
The maximum downward pressure to the change in current index came from Food group contributing (-) 0.14 percentage points to the total change. At item level, Coconut Oil, Milk, Banana, Apple, Chillies Green, Brinjal, Cabbage, Cauliflower, French Bean, Gourd, Green Coriander Leaves, Methi, Palak, Potato, Radish, Tomato, Petrol, etc. are responsible for the decrease in. index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Arhar Dal, Eggs (Hen), Fish Fresh, Goat Meat, Onion, Cooking Gas, Medicine (Allopathic), Cinema Charges, Flowers/Flower Garlands, etc., putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 4.86 per cent for November, 2018 as compared to 5.23 per cent for the previous month and 3.97 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 1.57 per cent against (-) 0.95 per cent of the previous month and 3.91 per cent during the corresponding month of the previous year.
At centre level Howrah and Amritsar reported the maximum decrease of (5 points each) followed by Jaipur (4 points). Among others, 3 points decrease was observed in 7 centres, 2 points in 6 centres and 1 point in 21 centres. On the contrary, Jalandhar recorded a maximum increase of 9 points followed by Madurai and Chennai (6 points each) and Kodarma (5 points). Among others, 3 points increase was observed in 3 centres, 2 points in 4 centres and 1 point in 13 centres. Rest of the 17 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 December, 2018 will be released on Thursday, 31st January, 2019. The same will also be available on the office website www.labourbureaunew.gov.in.
(AMR AL JA GID)
Source: Labour Bureau