Vegetable prices contain inflation price index – All-lndia CPI-IW remains almost stationery

The All-lndia CPI-IW for December,2022 decreased by 0.2 points and stood at 132.3 (one thirty two point three) points. On 1-month percentage change, it decreased by 0.15 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago.

The maximum downward pressure in current index came from Food & Beverages group contributing 0.52 percentage points to the total change. At item level, Cabbage, Cauliflower, Brinjal, Carrot, Onion, Potato, Tomato, Peas, Garlic, Chilies Green, Apple, Orange, Sunflower Oil, Vanaspati Oil and Poultry/Chicken etc. are responsible for the fall in index. 

However, this decrease was checked by Rice, Wheat Atta, Wheat, Cow Milk, Fish Fresh, Egg-Hen, Drum stick, Chilies Dry, Cumin Seed/Jira, Turmeric, Tea Leaf, Cooked Meals, ESI Contribution, Medicine Allopathic and Tuition and other fees school/lTl etc. putting upward pressure on the index. At centre level, Lucknow and Nasik recorded a maximum decrease of 1.9 points each.

Among others, 19 centers recorded decrease between 1 to 1.8 points and37 centers between 0.1 to 0.9 points. On the contrary, Faridabad recorded a maximum increase of 3.3 points followed by Nagpur and Tiruneveli with 3.0 and 2.4 points respectively. Among others, 4 centers recorded increase between 1 to 1.7 points and 2l centers between 0.1 to 0.9 points. Rest of 2 centers’ indices remained stationary. Year-on-year inflation for the month stood at 5.50 per cent compared to 5.41 per cent for the previous month and 5.56 per cent during the corresponding month a year before. Similarly, Food inflation stood at 4.10 per cent against 4.30 per cent of the previous month and 5.93 per cent during the corresponding month a year ago.