Food inflation price index increases by 0.3 point

The All-India Consumer Price Index for Industrial Workers (CPI-IW) for August,2022 increased by 0.3 points and stood at 130.2 (one hundred thirty point two). On a I -month percentage change, it increased by 0.23 per cent with respect to previous month compared to an increase of 0.16 per cent recorded between corresponding months a year ago.

The Labour Bureau, under the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month.

In August, the maximum upward pressure came from Food & Beverages group contributing 0.19 percentage points to the total change. At item level Rice, Wheat Atta, Arhar/Tur Dal, Wheat, Mango, Buffalo Milk, Cooked Meal, Telephone Charges mobile etc.are responsible for the rise in index. However, this increase was largely checked by Apple, Tomato, Poultry Chicken, Soyabeen oil, Sunflower Oil, Egg Hen, Electricity Domestic, Petrol for Vehicle etc. putting downward pressure on the index.

At centre level, Solapur recorded a maximum increase of 3.9 points followed by Agra with 3.2 points. Among others, 5 centres recorded increase between 2 to 2.9 points, 20 centres between I to 1.9 points and 27 centres between 0.1 to 0.9 points. On the contrary Jamshedpur recorded a maximum decrease of 3.7 points. Among others, 8 centers recorded decrease between 1 to 1.9 points and 24 centres between 0.1 to 0.9 points. Rest one centre index remained stationary.