Food inflation increases price index by 0.3 point

Consumer Price Index for Industrial Workers (2016=100) – Augustr 2022. The Labour Bureau, an attached ofhce of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-lndia and is released on the last working day of succeeding month. The index for the month of August, 2022 rs being released in this press release. The All-India CPI-IW for August,2022 increased by 0.3 points and stood at 130.2(one hundred thirty point two). On I -month percentage change, it increased by 0.23 per cent with respect to previous month compared to an increase of 0.16 per cent recorded between corresponding months a year ago. The maximum upward pressure in current index came from Food & Beverages group contributing 0.19 percentage points to the total change. At item level Rice, Wheat Atta, Arhar/Tur Dal, Wheat, Mango, Buffalo Milk, Cooked Meal, Telephone Charges mobile etc.are responsible for the rise in index. However, this increase was largely checked by Apple,

Tomato, Poultry Chicken, Soyabeen oil, Sunflower Oil, Egg Hen, Electricity Domestic,

Petrol for Vehicle etc. putting downward pressure on the index. At centre level, Solapur recorded a maximum increase of 3.9 points followed by Agra with 3.2 points. Among others, 5 centres recorded increase between 2 to 2.9 points, 20 centres between I to 1.9 points and27 centres between 0.1 to 0.9 points. On the contrary, Jamshedpur recorded a maximum decrease of 3.7 points. Among others, 8 centers recorded

decrease between 1 to 1.9 points and24 centres between 0.1 to 0.9 points. Rest one centre index remained stationary.

Year-on-year inflation for the month stood at 5.85 per cent compared to 5.78 per cent

for the previous month and 4.80 per cent during the corresponding month a year before. Similarly, Food inflation stood at6.46 percent against 5.96 per cent of the previous month and 4.83 per cent during the corresponding month a year ago.