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All-India CPI-IW increased by 0.7 points to 129.9 in July CPI-IW

All-India CPI-IW increased by 0.7 points to 129.9 in July

India Blooms News Service | @indiablooms | 31 Aug 2022, 09:23 pm

The All-India Consumer Price Index for Industrial Workers or CPI-IW for July 2022 increased by 0.7 points and stood at 129.9 (one hundred twenty-nine point nine).

On one-month percentage change, it increased by 0.54 percent with respect to the previous month compared to an increase of 0.90 percent recorded between corresponding months a year ago, according to the Ministry of Labour & Employment statement issued on Wednesday.

The maximum upward pressure in the current index came from the Housing group contributing 0.37 percentage points to the total change.

At item level Cooking Gas, Electricity Domestic, Potato, Onion, Gourd, Mango.

Bananas, Chillies Dry, Cooked Meal, Wheat, Wheat Atta, Arhar Dal, Tur Dal, etc. are responsible for the rise in the index.

However, this increase was largely checked by Tomato, Poultry Chicken, Soybean oil, Sunflower Oil, Mustard oil, Palm oil, Rice, Apple, Lemon, Radish, Garlic, Drum Stick, etc. putting downward pressure on the index.

At centre level, Udham Singh Nagar recorded a maximum increase of 3.8 points followed by Jalpaiguri and Jalandhar with 3.3 and3.2 points respectively. Among others, 9 centres recorded an increase between 2 to 2.9 points, 32 centres between I to 1.9 points and 24 centres between 0.1 to 0.9 points.

On the contrary, Salem recorded a maximum decrease of 4.1 points.

Among others, 2 centers recorded decrease between 2 to 2.9 points, 3 centers between 1 to 1.9 points, and 1 centre between 0.1 to 0.9 points.

The rest of three centres' indices remained stationary.

Year-on-year inflation for the month stood at 5.78 percent compared to 6.16 percent for the previous month and 5.26 percent during the corresponding month a year before.

Similarly, food inflation stood at 5.96 percent against 6.73 percent in the previous month and 4.91 percent during the corresponding month a year ago.

Shimla-based Labour Bureau, an attached office of 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 is released on the last working day of the succeeding month.
(With UNI inputs)