Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

The All-India CPI-IW rose by 2 points in August, 2012 and pegged at 214 (two hundred and fourteen). On 1-month percentage change, it increased by 0.94 per cent between July and August compared with 0.52 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from food prices which rose by 1.24 per cent, contributing 1.31 percentage points to the total change. At item level, largest upward pressure came from Sugar, Arhar Dal, Wheat & Wheat Atta, Rice, Potato, Mustard & Groundnut Oil, Milk Buffalo, Banana, Goat Meat, Onion, Medicine (Allopathic) and Private Tuition Fee.

The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 2.72 per cent, contributing (-) 0.42 percentage points to the total change. The main downward pressure came from Tomato, Fish Fresh, Chillies Green, Cabbage & Lady’s Finger.

The year-on-year inflation measured by monthly CPI-IW stood at 10.31 per cent for August, 2012 (over August, 2011) as compared to 9.84 per cent for the previous month and 8.99 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 12.20 per cent against 11.27 per cent of the previous month and 7.33 per cent during the corresponding month of the previous year.

At centre level, largest increase of 9 points has been recorded in Giridih followed by Ludhiana (8 points), Asansol and Rourkela (7 points each) and Bhopal and Chhindwara (6 points each). Among others, 4 centres have recorded rise of 5 points followed by 4 points in 8 centres, 3 points in 13 centres, 2 points in 10 centres and 1 point in 15 centres. Mysore centre reported a decline of 6 points followed by Bengluru centre with 5 points, Guwahati with 2 points and 7 centres registered a fall of 1 point each. Rest of the 12 centre’s indices remained stationary.

The indices of 39 centres are above All-India Index and 37 centre’s indices are lower than national average. Two centres viz. Vijaywada and Tiruchirapally are at par with all-India index.

The next index of CPI-IW for the month of September, 2012 will be released on Wednesday, October 31, 2012.

Source: PIB