Consumer price index for industrial workers goes up -Governance Now

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

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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.

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