Kolkata, 01 October
Putting more pressure on the Reserve Bank of India not to lower key interest rates, the All-India Consumer Price Index Number for Industrial Workers (CPI-IW) for the month of August 2013 rose by 2 points and stood at 237.
The index increased by 0.85 per cent between July and August compared with 0.94 per cent between the same two months a year ago.
The year-on-year inflation measured by monthly CPI-IW stood at 10.75 per cent for August 2013 as compared to 10.85 per cent for the previous month and 10.31 per cent during the corresponding month of the previous year.
Similarly, the food inflation stood at 13.91 per cent against 14.10 per cent of the previous month and 12.20 per cent during the corresponding month of the previous year, according to figures released by the labour bureau, ministry of labour and employment today.
The largest upward pressure to the change in current index came from the food items group contributing 1.58 percentage points to the total change.
At the item level, rice, wheat, wheat atta, goat meat, dairy milk, milk (cow & buffalo), onions, green chillies, tea (readymade), firewood, doctors fee, private tuition fee, secondary school books, petrol and tailoring charges are responsible for the rise in index.
However, this was compensated to some extent by groundnut oil, fish, fresh vegetables and fruit items, putting downward pressure on the index.
At centre level, Chindwara recorded the highest increase of 8 points each followed by Jalpaiguri and Siliguri (7 points), Durgapur (10 points) and Ranchi, Hatia, Nagpur, Kolkata, Asansol and Tiruchirapally (6 points each).
Among others, 5 points rise was registered in 8 centres, 4 points in 6 centres, 3 points in 12 centres, 2 points in 13 centres and 1 point in 19 centres. On the contrary, Goa reported a decline of 5 points followed by Ernakulam, Quilon and Surat (2 points each) and 3 other centres by 1 point each. Rest of the 6 centres’ indices remained stationary.
The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Tiruchirapally centre remained at par with the All-India index.
The next index of CPI-IW for the month of September 2013 will be released on Thursday, 31 October.