The Labor Bureau is compiling the Consumer Price Index for industrial workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centers of the country.
The Labor Bureau is compiling the Consumer Price Index for industrial workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centers of the country.
Retail inflation for industrial workers eased from 6.97% in May this year to 6.16% in June due to reduction in prices of certain food items and petrol.
“Year-on-Year Inflation for the month stood at 6.16% as compared to 6.97% for the previous month” [May 2022] and 5.57% during the same month [June 2021] A year ago,” said a statement from the Ministry of Labor.
it said Meal Inflation stood at 6.73% in June, up from 7.92% in the previous month and 5.61% in June 2021.
The All India CPI-IW (Consumer Price Index for Industrial Workers) for June 2022 rose 0.2 points to 129.2 points. The CPI-IW in May 2022 was 129 points.
The maximum upward pressure in the current index came from the Food and Beverage group, which contributed 0.20% of the total change.
Potato, Onion, Tomato, Cabbage, Apple, Banana, Coriander, Dry Chilli, Fish Fresh, Poultry Chicken, Vada, Idli Dosa, Cooked Food, LPG, Kerosene, Electricity Household etc. were responsible for the rise in the index. .
However, it said this increase was controlled by petrol for vehicle, rice, mango, green chilli, lemon, okra, parwal, pineapple, soybean oil, sunflower oil etc, which put pressure on the index.
The index is compiled for 88 centers and all India and is released on the last working day of the following month.
Puducherry center recorded the maximum increase of 2.6 points, followed by Amritsar and Tripura with 2.2 points and 2 points respectively.
A total of 15 centers registered an increase of 1-1.9 points, 33 centers recorded an increase of 0.1-0.9 points. In contrast, Sangrur recorded the maximum decline of 2.4 points.
In five centres, 1-1.9 points, 25 centers recorded a decline of 0.1-0.9 points. The indices of the remaining 6 centers remained stable.
The Labor Bureau, an attached office of the Ministry of Labor and Employment, is compiling the CPI-IW every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centers of the country.