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Retail inflation for industrial workers rises to 9.55% in November

01 Jan 2013 Evaluate

Surge in prices of food items, cooking gas, medicines and bus fares mainly pulled the consumer price index (CPI) for industrial workers higher to 9.55% in November against 9.34% increase in the same month a year ago and 9.60% recorded in the previous month. Similarly, food inflation stood at 10.85% against 9.91% of the previous month and 7.61% during the corresponding month of the previous year. 

As per the government data, the largest upward contribution came from food items which contributed 1.01 percentage points to the total change in CPI index and prices of food items increased by 0.86%. At item level, largest upward pressure came from rice, wheat Atta, goat meat, milk, onion, potato, tea (readymade), Snack Saltish etc. The other items like cooking gas, medicine, bus fare, auto rickshaw fare, etc. also added upward pressure in total change.

The largest downward contribution to the change in current index came from Pulses and Products with a decline of 0.38%, contributing (-) 0.03 percentage points to the total change in CPI index. However, at item level, vegetable & fruit items like cauliflower, radish, palak, brinjal and orange put downward pressure on the index.

At centre level, the CPI indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. Puducherry’s index remained at par with all-India index. Mysore recorded the largest increase of 7 points followed by Vijaywada of 6 points and Guntur, Tiruchirapally, Coimbatore and Bengaluru recorded 5 points each. However, Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres’ indices remained stationary.

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