NEWS

House rent & Food grain inflation increases the Consumer price Index in January 

The All-India Consumer Price Index for Industrial Workers for months of January, 2023 increased by 0.5 points and stood at 132.8

(one hundred thirty two point eight). On the month percentage change, it increased by 0.38 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago. The maximum upward pressure in current index came from Housing group

contributing 0.40 percentage points to the total change. At item level, House rent, Wheat, Wheat Atta, Cow Milk, Apple, Banana, Orange, Brinjal, Lady Finger, Kundru, Cumin

Seed/Jira, Egg Hen, Cooked Meal, Pan Finished, Zarda, Medicine Allopathic, Toilet Soap,etc. are responsible for the rise in index. However, this increase was largely checked by Potato, Cabbage, Carrot, Cauliflower, Peas, Onion, Capsicum, French Beans, Green Coriander Leaves, Radish, Tomato, Soyabean Oil, Sunflower Oil, Poultry Chicken, etc.putting downward pressure on the index. At centre level, Coimbatore recorded a maximum increase of 3 points. Among others, 3 centres recorded increase between 2 to 2.i points, 14 centres between 1 to 1.9 points and 39 centres between 0.1 to 0.9 points. On the contrary, Labac- Silchar recorded a maximum decrease of 1.5 points. Among others,4 centers recorded decrease between 1 to 1.3 points and27 centres between 0.1 to 0.9 points. Rest of five centers index remained stationary. Year-on-year inflation for the month stood at 6.16 per cent compared to 5.50 per cent for the previous month and 5.84 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.69 per cent against 4.10 per cent of the previous month and 6.22 per cent during the corresponding month ayear ago.  It is worthwhile to mention here that  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 All-lndia and is released on the last working day of succeeding month. 

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