Consumer Price Index for Industrial Workers (CPI-IW) – February 2018
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Press Release of All India Consumer Price Index for the month of February 2018 has been released by Labour Bureau on 28.3.2018. The index decreased by one point and stands at 287.
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 28th March, 2018
Consumer Price Index for Industrial Workers (CPI-IW) — February, 2018
The All-India CPI-IW for February, 2018 decreased by 1 point and pegged at 287 (two hundred and eighty seven). On 1-month percentage change, it decreased by (-) 0.35 per cent between January and February, 2018 which was static between the two months a year back.
The maximum downward pressure to the change in current index came from Food group contributing (-) 1.87 points to the total change.
At item level, Wheat & Wheat Atta, Gram Dal, Groundnut Oil, Egg (hen), Poultry (Chicken), Pure Ghee, Garlic, Onion, Brinjal, Cabbage Carrot, Cauliflower, Palak, Peas, Tomato, Sugar, Flowers/Flower Garlands. etc. are responsible for the decrease in index.
However, this decrease was checked by Rice, Goat Meat, Apple, Banana, Coconut, Tea Leaf, Bidi, Cigraette, Electricity Charges, Kerosene Oil, Medicine (Allopathic), Cinema Charges, Bus Fare, Petrol, Repair Charges, Hair Oil, Hand Bag/Brief Case, Tailoring Charges, etc., putting upward pressure on the index.
The year-on-year inflation unmeasured by monthly CPI-IW stood at 4.74 per cent for February, 2018 as compared to 5.11 per cent for the previous month and 2.62 per cent during the corresponding month of the previous year.
Similarly, the food inflation stood at 2.36 per cent against 3.36 per of the previous month and 1.71 per cent during the corresponding month of the previous year.
At centre level, Bokaro reported the maximum decrease of 5 points followed by Mumbai (4 points). Among others, 3 points decrease was observed in 16 centers, 2 points in 14 centres and 1 point in 16 centres.
On the contrary, Coimbatore and Jamshedpur recorded a maximum increase of 4 points each followed by Lucknow, Goa and Chennai (3 points each). Among others, 2 points increase was observed in 3 centres and 1 point in 4 centres. Rest or the 18 centres indices remained stationary.
The indices of 38 centres are above All-India Index and 37 centers’ indices are below national average. The index of Varanasi, Bengaluru and Chandigarh centres remairæd at par with All-India Index.
The next issue of CPI-IW for the month of March, 2018 will released on Friday 27th April, 2018. The same will also be available the on the office website www.labourbureaunew.gov.in.
(AMRIT LAL JANGID)