Retail inflation for industrial workers rises marginally to 4.98% in Nov
Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said.
According to the statement, year-on-year inflation for the month stood at 4.98 per cent in November compared to 4.45 per cent for the previous month (October 2023) and 5.41 per cent during the corresponding month (November 2022) a year before.
The All-India CPI-IW (Consumer Price Index for Industrial Workers) for November 2023 increased by 0.7 points and stood at 139.1 points.
The CPI-IW was 138.4 points in October 2023.
On one-month percentage change, it increased by 0.51 per cent with respect to the previous month, whereas it remained stationary between the corresponding month a year ago, the statement said.
The maximum upward pressure in the current index came from the Food and Beverages group, contributing 0.65 percentage points to the total change.
At item level, Rice, Wheat, Wheat Atta, Jowar, Arhar Dal/Tur Dal, Urd Dal, Eggs-Hen, Gingelly oil, Coconut fresh with Pulp, Carrot, Drum-stick, French beans, Garlic, Lady's Finger, Onion, Tomato, Sugar-White, Cumin seed/Jira, Cooked Meals, Zarda/kimam/Surti/Gutka, Leaf Tobacco, Tailoring Charges, Trouser Pants readymade, Leather Sandal/Chappal/Slippers, Electricity Charges (Domestic), Books-School/ITI, Tuition and other fees-College, etc.
are responsible for the rise in index.
However, this increase was largely checked by Fish Fresh, Poultry/Chicken, Soyabean oil, Sunflower
