Retail sales price inflation for industrial workers declines to 4.79% in August, Retail News, ET Retail

Retail price inflation for industrial workers slowed to 4.79 percent in August from 5.27 percent in July this year, mainly due to lower prices for some food items. “Year-on-year inflation for the month (August 2021) stood at 4.79% compared to 5.27% for the previous month (July 2021) and 5.63% in the corresponding month (August 2020) a year ago, “he added. the Ministry of Labor said in a statement.

Likewise, he said food inflation stood at 4.83 percent in August, down from 4.91 percent in the previous month and 6.06 percent in the corresponding month a year ago.

The CPI-IW (Consumer Price Index-Industrial Workers) for all of India for August 2021 rose 0.1 points to 123 points.

On a month-to-month basis, it increased 0.16 percent from the previous month compared to a 0.60 percent increase recorded between the corresponding months a year ago.

The maximum upward pressure on the current index came from the miscellaneous group contributing 0.08 percentage point to the total change.

At item level, cow’s milk, cow’s milk, mustard oil, palm oil, soybean oil, almond, white sugar, tea leaf, gas costs, hospital / retirement home costs, gasoline for the vehicle and toilet soap, are responsible for the increase in the index.

However, this increase was largely held back by rice, eggs (hen), fresh fish, poultry / chicken, apple, banana, guava, mausami, bitter gourd, cucumber, drumstick , green beans, scapula, onion and potato, putting downward pressure on the index.

At the central level, Ludhiana recorded the biggest increase of 3.5 points followed by Jalpaiguri, Guwahati, Jalandhar and Munger-Jamalpur with 2.9 points, 2.6 points, 2.1 points and 2.0 points respectively. Among others, 11 centers observed an increase between 1 and 1.9 points and 33 centers between 0.1 and 0.9 points.

On the contrary, Coonoor recorded the biggest drop of 5.5 points, followed by Tirunelveli with 2.2 points. Among others, 5 centers observed a drop between 1 and 1.9 point and 26 centers between 0.1 and 0.9 point. The rest of the six centers remained stationary.

DPS Negi, senior adviser to the Ministry of Labor and Employment, said in the statement that the consumer price index for industrial workers across India for August 2021 rose to 123 points, from 122 , 8 points for July 2021.

Negi further stated that the observed increase in the index is mainly due to elements such as cow’s milk, cow’s milk, mustard oil, palm oil, soybean oil, almond, white sugar, tea leaf, cooking gas, hospital / nursing home fees, vehicle gasoline, and toilet soap, all of which have risen in price.

General inflation for August 2021 fell to 4.79% from 5.27% the previous month. Food inflation also moderated to 4.83 percent from 4.91 percent the previous month, he added.

The Labor Office, an office attached to the Ministry of Labor and Employment, compiles the consumer price index for workers in industry every month on the basis of retail prices collected from 317 markets in 88 important industrial centers of the country.

The index is compiled for 88 centers and all of India and is released on the last working day of the following month.