Food inflation flip up price index by half point

The All-India CPI-IW for May, 2023 increased by 0.5 points and stood at 134.7 (one hundred thirty four point seven). On l-month percentage change, it increased by 0.37 percent with respect to previous month compared to increase of 1.02 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Food & Beverages group contributing 0.37 percentage points to the total change. At item level, Rice, Arhar Dal, Buffalo milk, Dairy Milk, poultry chicken, Egg-Hen, Apple, Grapes, Brinjal, Garlic, Ginger, Potato, Onion, Tomato, Sugar white, Cumin seed / Jira, Supari, Saree Cotton, Shirt Cloth Cotton, Medicine Allopathic, Private tuition/Coaching Center Fees, etc. are responsible for the rise in index. 

However, this increase was largely checked by Wheat Atta,Lady’s Finger, Lemon, Mango, Soyabean Oil, Sunflower Oil, Mustard Oil, Electricity Domestic, Kerosene oil, etc. putting downward pressure on the index.

At centre level, Jabalpur recorded a maximum increase of 5.2 points followed by Salem with 3.8 points. Among others, 2 centres recorded increase between 2 to 2.6 points, 14 centres between I to 1.9 points and34 centres between 0.1 to 0.9 points. On the contrary, Ludhiana recorded a maximum decrease of I point. Among others, 26 centers recorded decrease between 0.1 to 0.9 points. Rest of nine centers index remained stationary.

Year-on-year inflation for the month stood at 4.42 per cent compared to 5.09 per cent for the previous month and 6.97 per cent during the corresponding month a year before.

Similarly, Food inflation stood at 3.24 per cent against 4.16 per cent of the previous month and 7.92 per cent during the corresponding month a year ago.