08-01-2023 12:34 PM | Source: Accord Fintech
Retail inflation for industrial workers inch up to 5.57% in June 2023
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A labour ministry has said that retail inflation for industrial workers inched up to 5.57 per cent in June 2023 as compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. Similarly, food inflation stood at 6 per cent against 3.24 per cent in the previous month and 6.73 per cent during the corresponding month a year ago.

The All-India CPI-IW (consumer price index for industrial workers) for June 2023 increased by 1.7 points and stood at 136.4 points. It was 134.7 points in May 2023. On one-month percentage change, it increased by 1.26 per cent with respect to the previous month against an increase of 0.16 per cent recorded in corresponding month a year ago. The maximum upward pressure in the current index came from Food & Beverages group, contributing 1.62 percentage points to the total change.

At item level, Rice, Wheat, Wheat Atta, Arhar Dal, Moong Dal, Fish Fresh, Poultry Chicken, Egg-Hen, Apple, Banana, Brinjal, Carrot, Ginger, Cauliflower, Chili Green, Potato, Onion, Tomato, Cumin seed/Jira, Supari, Casual Wear, Canvas Shoes, Utensil, Medicine ayurvedic, etc. are responsible for the rise in index. However, this increase was largely checked by Mustard Oil, Palm Oil, Sunflower Oil, Coconut Oil, Lemon, Mango, Kerosene Oil, etc., putting downward pressure on the index.

At the centre level, Angul-Talchar recorded a maximum increase of 8.5 points, followed by Raipur and Labac-Silchar with 6.8 and 6.3 points, respectively. Among others, 3 centres recorded an increase between 5 to 5.9 points, 2 centres between 4 to 4.9 points, 10 centres between 3 to 3.9 points, 11 centres between 2 to 2.9 points, 28 centres between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. On the contrary, Mungel-Jamalpur recorded a maximum decrease of 1.1 points. Among others, 4 centres recorded a decrease between 0.1 to 0.9 points.