India's Consumer Price Index for Industrial Worker remains static in August

The year-on-year inflation based on CPI-IW remained stationary at 5.61 per cent for August 2018 as compared to the previous month and 2.52 per cent during the corresponding month of the previous year.

The All-India Consumer Price Index for Industrial Worker (CPI-WI) for August 2018 remained stationary at 301 (three hundred and one ). On 1-month percentage change, it remained static between July 2018 and August 2018 and it was also static between the corresponding months of previous year.

The maximum upward pressure to the change in current index came from Miscellaneous and Food groups contributing (+) 0.25 and (+) 0.07 percentage points respectively to the total change. At item level, Rice, Wheat, Wheat Atta, Groundnut Oil, Brinjal, Cabbage, Carrot, Parval, Mango (Ripe), Sugar, Cooking gas, Petrol, Ornaments, Glass, etc. are responsible for the increase in the index. However, this increase was checked by Fish Fresh, Poultry (Chicken), Eggs (Hen), Onion, French Beans, Methi, Peas, Radish, Tomato, Apple, Guava, etc. putting downward pressure on the index.

The year-on-year inflation based on CPI-IW remained stationary at 5.61 per cent for August 2018 as compared to the previous month and 2.52 per cent during the corresponding month of the previous year. Similarly, the Food inflation also remained stationary at (-) 0.32 per cent during August as compared to 1.61 per cent during the corresponding month of the previous year.

At centre level, Ranchi-Hatia and Bhavnagar reported the maximum increase of 5 points each followed by Kodarma (4 points). Among others, 3 points increase was observed in 9 centres, 2 Points in 7 Centres and 1 point in 13 centres. On the contrary, Pune and Tripura recorded a maximum decrease of 3 points each. Among others, 2 points decrease was observed in 6 centres and 1 point in 15 centres. Rest of the 23 centres’ indices remained stationary.

The indices of 37 centres are above All-India Index and 41 centres’ indices are below national average.

(With inputs from PIB)