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Inflation for industrial workers rises to 11.06% in June

01 Aug 2013 Evaluate

Retail inflation for industrial workers increased in June due to rise in prices of food items, cigarette, electricity charges, doctor's fee, medicines and petrol. The year-on-year inflation measured by monthly Consumer Price Index-Industrial Workers (CPI-IW) stood at 11.06 per cent for June, 2013 as compared to 10.68 per cent for the previous month and 10.05 per cent during the corresponding month of the previous year. For the period of May and June, the retail inflation for industrial workers increased by 1.32 per cent as compared to 0.97 per cent in the same period of previous year.

The largest upward pressure to the change in current index came from food group contributing 2.98 percentage points to the total change. Food inflation in June stood at 14.86 per cent against 13.24 per cent of the previous month and 10.45 per cent during the corresponding month of the previous year. However, the prices of wheat, groundnut oil and mustard oil decline in the month under review.

On city wise, Pune, Bhilai and Guntur centres recorded the highest increase of 8 points each in index followed by Jalpaiguri, Asansol, Mumbai, Bokaro, Siliguri, Kanpur (7 points each) and Warangal and Vijaywada (6 points each). On the contrary, a decline of 1 point each was recorded in Amritsar and Coimbatore centres. The indices of 39 centres are above All-India Index and other 38 centres’ indices are below the national average.

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