Consumer Price Index (CPI) for Industrial Workers dip by single point


All India Consumer Price Index (CPI) for Industrial Workers (IW) for Jan 2017 decreased by one point and stood at 274 ( two hundred and seventy four). In one-month percentage change, it decreased by (-)0.36 per cent between Dec 2016 and Jan 2017, when compared between the same two months a year ago wherein it remained static.


The maximum downward pressure to the change in the current Index came from Food group contributing (-) 1.49 percentage points to the change. At item level Arhar Dal, Black Gram, Gram Dal, Masur Dal, Urd Dal, Moong Dal, Groundnut Oil, Onion, Brinjal, Cabbage, Carrot, Cauliflower, Palak, Peas, Potato, Tomato, etc. are responsible for decrease in Index. However this decrease was checked by Rice, Wheat, Wheat Atta, Coconut Oil, Fish fresh, Goat Meat, Poultry ( Chicken), Milk, Lady’s finger, Coconut, Apple, Sugar, Pan Finished, Petrol etc. putting upward pressure on the Index.


The year -on- year inflation measured by monthly CPI-IW, stood at 1.86 per cent for Jan 2017 as compared to 2.23 per cent for the perivious month and 5.91 per cent during the corresponding month of previous year. Similarly, the Food inflation stood at 0.34 per cent against 0.67 per cent of the previous month and 7.61 per during the corresponding month of the previous year. At center level, Rourkela, reported the maximum decrease of nine points followed by Kodarma and Raniganj  eight pts. each, and Labac-Silchar, Siliguri and Giridih six points. Among others, five points decrease was observed in three centres, four points in one centre, three points in 11 centres, two points five centres and one points at 17 centres.


On the contrary, Ernakulam, Quilion and Srinagar recorded maximum increase of six pts. each followed by Puducherry, Tiruchirapalli, Himachal Pradesh, and Goa by five pts. each . Among others, three pts. increase was observed in five centres. Two pts. in six centres and one pts. in three centres. Rest of the centres indices remained stationary. The indices of 33 centres are above All India Index and other 42 centres indices are below national average. The indices of Jalandhar, Vishakapatnam and Ludhiana centres remained at par with All India Index.

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ML Verma is a Senior journalist, with more than a decade of experience of active reporting for electronic media, news agencies and fast paced online media.

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