: Retail inflation for industrial workers increase in Jan to 6.16% #FinanceIndia #StockMarketNEWS Retail inflation for industrial workers increase in Jan to 6.16% New Delhi, Mar 1 (KNN) Retail inflation

@StockMarketNEWS Sun 05 Mar, 2023

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Retail inflation for industrial workers increase in Jan to 6.16% #FinanceIndia #StockMarketNEWS
Retail inflation for industrial workers increase in Jan to 6.16% New Delhi, Mar 1 (KNN) Retail inflation for industrial workers has increased to 6.16 per cent in January from 5.50 per cent for the previous month, said the Ministry of Labour & Employment on Tuesday.

The increase is also in comparison to 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 a year ago, as per the official data.

The Labour Bureau, an attached office of the Ministry Labour & Employment, has been compiling Consumer Price Index for Industrial Workers (CPI-IW) 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-India and is released on the last working day of succeeding month.

The All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8 (one hundred thirty two point eight).

On 1-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, said the report.

At centre level, Coimbatore recorded a maximum increase of 3 points. Among others, 3 centres recorded increase between 2 to 2.1 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 and 21 centres between 0.1 to 0.9 points. Rest of five centers index remained stationary. (KNN Bureau)