Retail inflation for industrial workers rises to 4 percent in December

 The All India Consumer Price Index for Industrial Workers for December, 2017 decreased by 2 points and pegged at 286.

Retail inflation based on the CPI-IW rose to 4 percent for December, 2017 against 3.97 percent in the previous month and 2.23 percent during the corresponding month of the previous year. “On one-month percentage change, it decreased by (-) 0.69 percent between November, 2017 and December, 2017 when compared with the decrease of (-) 0.72 percent for the corresponding months of last year”, an official release from Labour Ministry said. 

Food inflation stood at 4.32 percent against 3.91 percent of the previous month and 0.67 percent during the corresponding month of the previous year. The index saw maximum downward pressure came from the food group, which contributed (-) 2.37 percentage points to the total change.

At item level, Rice, Arhar Dal, Gram Dal, Groundnut Oil, Chillies Green, Brinjal, Cabbage, Carrot, Cauliflower, French Beans, Green Coriander Leaves, Methi, Palak, Peas, Potato, Radish, Tomato, Banana, Sugar, ESI Premium Contribution, Toilet Soap, etc. were responsible for the decrease in index, the release said. 

However, the decrease in the CPI was checked by Wheat Atta, Coconut Oil, Fish Fresh, Goat Meat, Onion, Tamarind, Coconut, Electricity Charges and Firewood among other things.

At centre level, Jamshedpur and Tiruchirapally reported the maximum decrease of 7 points each followed by Doom Dooma Tinsukia, Siliguri, Godavarikhani and Jalpaiguri (6 points each), the release said.

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