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Retail inflation rises to 6.49 pc, food inflation at 7.76 pc for industrial workers in September.

Date: 01-11-2022
Subject: Retail inflation rises to 6.49 pc, food inflation at 7.76 pc for industrial workers in September
Retail inflation for industrial workers rose to 6.49 per cent in September from 5.85 per cent in August 2022 and 4.40 per cent during the corresponding month a year before mainly due to higher prices of certain food items, according to the government data released.

Similarly, food inflation stood at 7.76 per cent against 6.46 per cent of the previous month and 2.26 per cent during the corresponding month a year ago, a labour ministry statement said.

The All-India CPI-IW (Consumer Price Index-Industrial Workers) for September, 2022 increased by 1.1 points and stood at 131.3. On 1-month percentage change, it increased by 0.84 per cent with respect to previous month compared to an increase of 0.24 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from food & beverages group contributing 0.68 percentage points to the total change. At item level, rice, wheat atta, buffalo milk, dairy milk, poultry/chicken, carrot, cauliflower, green coriander leaves, onion, potato, tomato, vada, idli, dosa etc are responsible for the rise in index.

However, it stated that this increase was largely checked by fish (fresh), palm oil, mustard oil, sunflower oil, soyabeen oil, apple, asafoetida, orange, gourd (lauki) etc putting downward pressure on the index.

At centre level, Bhavnagar recorded a maximum increase of 4.5 points. Among others, 6 centres recorded increase between 3 and 3.9 points, 10 centres between 2 and 2.9 points, 24 centres between 1 and 1.9 points and 30 centres between 0.1 and 0.9 points. On the contrary, Chindwara, Ahmedabad and Shilong recorded a maximum decrease of 0.6 points each.

The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month.

Source Name:-Economic Times  

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