Consumer price index for industrial workers goes up

The year-on-year inflation measured by monthly CPI-IW stood at 3.24 percent for October, 2017 as compared to 2.89 per cent for the previous month

GN Bureau | December 1, 2017


#Consumer Price Index   #Inflation  
Representational image
Representational image

The consumer price index for industrial workers (CPI-IW) for October, 2017 has increased by 2 points, authorities said on Friday.

On 1-month percentage change, it increased by (+) 0.70 percent between September, 2017 and October, 2017 when compared with the increase of (+) 0.36 percent for the corresponding months of last year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.94 percentage points to the total change. Rice, Milk (Buffalo), Onion, Bitter Gourd, Brinjal, Cabbage, Cauliflower, Carrot, Gourd, Coconut, French Beans, Green Coriander Leaves, Lady's Finger, Parval, Potato, Tomato, Torai, Cigarette, Cooking Gas, Doctor's Fee, Cinema Charges, Repair Charges, Tailoring Charges, etc. are responsible for the increase in index.

However, this increase was checked by Arhar Dal, Fish Fresh, Poultry (Chicken), Chillies Green, Peas, Apple, Banana, Orange, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 3.24 percent for October, 2017 as compared to 2.89 per cent for the previous month and 3.35 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 2.26 percent against 1.30 percent of the previous month and 2.99 percent during the corresponding month of the previous year.

Comments

 

Other News

Is it advantage India in higher education?

Harvard, Oxford and Cambridge: The Past, Present and Future of Excellence in Education By Rajesh Talwar Bridging Borders, 264 pages

Elections ’24: Candidates discuss city issues at Mumbai Debate

With the financial capital of India readying to go for Lok Sabha polls in the fifth phase on May 20, a debate with the candidates was organised jointly by the Free Press Journal, Mumbai Press Club, Praja Foundation and the Indian Merchants` Chamber here on Wednesday. The candidates engaged with the audienc

What Prakash Singh feels about the struggle for police reforms

Unforgettable Chapters: Memoirs of a Top Cop By Prakash Singh Rupa Publications, Rs 395, 208pages Prakash Singh

General Elections: Phase 3 voter turnout 64.4%

Polling in third phase of General Elections recorded an approximate voter turnout of 64.4%, as of 11:40 pm Tuesday, as per the data released by the Election Commission of India close to the midnight. The trend of lower turnout witnessed in the first two phases has thus continued in this round too.

How infra development is shaping India story

India is the world’s fifth largest economy with a GDP of USD 3.7 trillion today, and it is expected to become the third largest economy with a GDP of USD 5 trillion in five years. The Narendra Modi-led government aims to make India a developed country by 2047. A key driver of this economic growth and

75 visitors from abroad watch world’s largest elections unfold

As a beacon of electoral integrity and transparency, the Election Commission of India (ECI) exemplifies its commitment to conduct general elections of the highest standards, offering a golden bridge for global Election Management Bodies (EMBs) to witness democratic excellence first-hand. It continues foste

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter