Consumer Price Index up by two points



The all India Consumer Price Index -Industrial Workers for June 2017 is increased by two points and pegged at 280 (two hundred and eighty). In one-month percentage change increased by (+) 0.72 per cent between May 2017 and June 2017 when compared with the increase of (+) 0.73 per cent between the same two months a year ago.


The maximum upward pressure to the change in current index came from Food group contributing (+) 2.59 percentage points to the toral change. At item level, Rice, Wheat, Fish Fresh, Eggs(Hen), poultry (Chicken), Milk, Pure Ghee, Chillies Green, Onion, Brinjal, Cabbage, Cauliflower, Gaurd, Green Coriander Leaves, Palak, Potato, Radish, Tomato, Torai, Coconut, Cooking Gas, Medicine( Allopathic), Toilet Soap, Tailoring Charges, etc are responsible for the increase in index. However, this increase was checked by Arhar Dal, Ground Oil, Mustard Oil, Chilies Dry, French Beans, Electricity Charges, Petrol, Flower or Flower Garlands etc. putting downward pressure on the index.


The year on year inflation measured by monthly CPI-IW stood at 1.08 per cent for June 2017 as compared to 1.09 per cent for the previous month ad 6.13 per cent during the corresponding month of the previous year. Similarly, the Food Inflation stood at (-) 1.28 per cent against (-) 1.63 per cent of the previous month and 8.33 per cent during the corresponding month of the previous year. At centre level, Lucknow reported the maximum increase of eight points followed by Agra (seven point) and Rajkot, Madurai, Varanasi, Quilon and Surat( six point each). Among others, five points increase was observed in eight centres, three points nine centers, two points in 15 centers and one point 13 centers.


On the contrary, Darjeeling, Tripura, Belgaum, Rangapara-Tejpur and Chandigarh recorded maximum decrease of two points each followed by one point decreased in GuwahRest of the 12 centers indices remained stationary. The indices of 33 centers are above All India Index and 45 centers indices are below national average.

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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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