01-02-2023 12:46 PM | Source: Accord Fintech
Retail inflation for industrial workers eases to 5.41% in November 2022
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A Labour Bureau statement has said that retail inflation for industrial workers eased to 5.41 per cent in November 2022 as compared to 6.08 per cent in October 2022 and 4.84 per cent in November 2021 mainly due lower prices of certain food items. Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month and 3.40 per cent during the corresponding month a year ago. The All-India CPI-IW (Consumer Price Index-Industrial Workers) for November, 2022 remained stationary at 132.5 points compared to October 2022.

The maximum upward pressure in current index came from Miscellaneous group contributing 0.21 percentage points to the total change. At item level, wheat, wheat atta, buffalo milk, cow milk, dairy milk, eggs hen, sunflower oil, onion, chillies dry, cooked meal, doctar's/surgon's fee, hospital/nursing home charges and bus fare etc. are responsible for the rise in index. However, it stated that this increase was largely checked by apple, banana, orange, brinjal, cabbage, carrot, cauliflower, cucumber, gourd, lady finger and tomato etc. putting downward pressure on the index.

However, it stated that this increase was largely checked by apple, banana, orange, brinjal, cabbage, carrot, cauliflower, cucumber, gourd, lady finger and tomato etc. putting downward pressure on the index. At centre level, Korba recorded a maximum increase of 4.4 points followed by Chhindwara with 3.0 points. Among others, 2 centres recorded increase between 2 to 2.9 points, 8 centres between 1 to 1.9 points and 29 centres between 0.1 to 0.9 points. On the contrary, Coonor and Solapur recorded a maximum decrease of 2.2 points each followed by Raipur with 2.0 points. Among others, 12 centers recorded decrease between 1 to 1.9 points and 28 centres between 0.1 to 0.9 points. Rest of four centers index remained stationary.