CPI for factory workers eases to 2-year low of 6.73% in Feb

Written by Press Trust of India | New Delhi | Updated: Apr 2 2014, 09:38am hrs
Retail inflation for industrial workers eased to a two-year low of 6.73 in February due to softening of prices of food items.

"The year-on-year inflation measured by monthly Consumer Price Index for Industrial Workers (CPI-IW) stood at 6.73% for February, 2014, as compared to 7.24% for the previous month and 12.06% during the corresponding month of the previous year," a labour ministry statement said. The previous low of retail inflation for factory workers was recorded at 5.32% in January 2012.

The statement said the food inflation stood at 7.56 % in February, 2014, against 8.94% of the previous month and 14.98% during the corresponding month of the previous year.

According to the press release, the All-India CPI-IW for February increased by 1 point and was pegged at 238 points. On 1-month percentage change, it increased by 0.42% between January and February this year compared with the rise of 0.90% between the same two months of 2013. The largest upward pressure to the change in the current index came from miscellaneous group contributing 0.34 percentage points to the change.