Retail inflation for industrial workers up at 3.97% in November

By: |
New Delhi | Published: January 1, 2018 5:06:39 PM

Retail inflation for industrial workers rose to 3.97 per cent in November, 2017 mainly due to surge in prices of food items, kerosene and cooking gas.

retail inflation, retail workers, inflation in india, retail market, retail prices, food prices, oil and gas prices, inflation percentage, india inflation, economy, economy newsHowever, this increase was checked by Arhar Dal, Gram Dal, Masur Dal, Urd Dal, Groundnut Oil, Fish Fresh, Poultry (Chicken), Chillies Green, Garlic, Ginger, Brinjal, Cauliflower, French Bean, Green Coriander Leaves, Methi, Palak, Radish, Apple, Banana, etc, putting downward pressure on the index. (AP)

Retail inflation for industrial workers rose to 3.97 per cent in November, 2017 mainly due to surge in prices of food items, kerosene and cooking gas. “The year-on-year inflation measured by monthly CPI-IW (Consumer Price Index-Industrial Workers) stood at 3.97 per cent for November, 2017 as compared to 3.24 per cent for the previous month (October, 2017) and 2.59 per cent during the corresponding month (November 2016) of the previous year,” the labour ministry said in a statement. According to the statement, the food inflation stood at 3.91 per cent in November against 2.26 per cent of the previous month (October, 2017) and 1.66 per cent during the corresponding month (November 2016) of the previous year. The All-India CPI-IW for November increased by 1 point and pegged at 288. On one-month percentage change, it increased by 0.35 per cent between October and November, when compared with the decrease of 0.36 per cent in the corresponding months of last year. The maximum upward pressure to the change in current index came from food group contributing 1.10 percentage points to the total change. At item level, Wheat Atta, Eggs (Hen), Goat Meat, Milk (Cow), Onion, Tamarind, Bitter Gourd, Cabbage, Carrot, Coconut, Potato, Tomato, Cooking Gas, Electricity Charges, Firewood, Kerosene Oil, Private Tuition Fee, Petrol, Barber Charges, etc, are responsible for the increase in index.

However, this increase was checked by Arhar Dal, Gram Dal, Masur Dal, Urd Dal, Groundnut Oil, Fish Fresh, Poultry (Chicken), Chillies Green, Garlic, Ginger, Brinjal, Cauliflower, French Bean, Green Coriander Leaves, Methi, Palak, Radish, Apple, Banana, etc, putting downward pressure on the index. At centre level, Giridih reported the maximum increase of (7 points) followed by Salem and Puducherry (6 points each) and Rourkela, Sholapur, Mercara and Ghaziabad (5 points each). Among others, 4 points increase was observed in 5 centres, 3 points in 16 centres, 2 points in 13 centres and 1 point in 12 centres.

On the contrary, Kolkata recorded a maximum decrease of 3 points followed by Munger-Jamalpur, Amritsar, Chandigarh and Doom Dooma Tinsukia (2 points each). Among others, 1 point decrease was observed in 7 centres. Rest of the 13 centres indices remained stationary. The indices of 34 centres are above all-India index and 42 centres indices are below national average. The indices of Vishakhapathnam and Ghaziabad centres remained at par with all-India index, it added.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1GDP growth likely be at 3.6 per cent in Jan-Mar quarter: Care Ratings
2FDI in India jumps 13% to record $49.98 billion in 2019-20
3Q4 GDP growth estimate: No consensus among economists, forecasters; govt to release data tomorrow