Retail inflation for industrial worker surges to 12.06% in Feb
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Retail inflation for industrial worker surges to 12.06% in Feb

Last Updated: Thursday, March 28, 2013, 20:37
 
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Retail inflation for industrial worker surges to 12.06% in Feb
New Delhi: Retail inflation for industrial workers rose to 12.06 percent in February mainly due to increase in the price of food items, electricity charges, rail fare and petrol.

The retail inflation for industrial workers measured in terms of Consumer Price Index-Industrial Workers (CPI-IW) was 11.62 percent in January this year and 7.57 percent in February, 2012.

"The year-on-year inflation measured by monthly CPI-IW stood at 12.06 percent for February, 2013 as compared to 11.62 percent for the previous month and 7.57 percent during the corresponding month of the previous year", a Labour Ministry statement said here.

The food inflation stood at 14.98 percent in February against 14.08 percent of the previous month (January 2013) and 5.08 percent during the corresponding month of the previous year, it said.

According to the statement, all-India CPI-IW for February, 2013 rose by 2 points and pegged at 223 and on 1-month percentage change, it increased by 0.90 percent between January and February compared with 0.51 percent between the same two months a year ago.

The largest upward contribution to the change in current index came from food group which increased by 1.28 percent, contributing 1.40 percentage points to the total change.

This spurt in the prices of food items was followed by miscellaneous and fuel & light groups with 0.62 and 0.80 percent increase respectively contributing 0.27 and 0.11 percentage points to the change.

At item level, the largest upward pressure came from rice, wheat & wheat Atta, fish, goat meat, poultry (chicken), milk, onion, tea (readymade), electricity charges, rail fare and petrol.

However, the rise in the price of these food items was compensated to some extent by by root vegetables and sugar, putting downward pressure on the index.

At centre level, Belgaum and Munger-Jamalpur centres recorded the largest increase of 7 points each followed by Vijaywada, Tiruchirapally and Jharia (6 points each).

On the other hand, 4 points decline was reported in Coimbatore, followed by Tirpura and Guwahati (3 points each) and 1 point in 7 centres. As many as 14 centres’ indices remained stationary.

The indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. The index of Haldia centre was at par with all-India index.

PTI


First Published: Thursday, March 28, 2013, 20:37


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