Monday, 3 February 2014

Retail inflation for industrial workers eases to 9.13% in December’ 2013

The inflation based on consumer price index for industrial workers (CPI-IW) in the month of December eased to 9.13 percent on y-o-y basis as compared to 11.47 percent in November and 11.17 in the corresponding month in 2012 on the back of softening of prices of food items.

The food inflation stood at 11.49 percent in December against 16.17 percent in previous month and 13.53 percent during the corresponding month of 2012. Among food items, low prices of sugar, onion, ginger, brinjal, cauliflower, peas and other vegetable items are responsible for the decrease in the index. However, high prices of some food items including fish, eggs, poultry, milk, pure ghee and garlic imparted some stickiness to food inflation.

All India CPI-IW for December 2013 declined by four points and pegged at 239 points from 235 points in November. At the centre level, Giridih recorded maximum decline of 12 points followed by Ahmedabad, Chhindwara, Varanasi, Munger, Jamalpur, Nagpur and Bhavnagar (10 points each), Jamshedpur (9 points) and Rourkela, Ludhiana, Tripura and Angul Talchar (8 points each). On the contrary, Sholapur and Puducherry centres recorded increase of 4 points and 2 points respectively, while  the index remained stationary in 37 centres.

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