Consumer Price Index for Industrial Workers (CPI-IW) — February 2018
Government of India, Ministry Of Labour & Employment, Labour Bureau issued Press Release vide No. 5/1/2018-CPI dated: 28th March, 2018 regarding 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 same two months a year back.
The maximum downward pressure to the change in current index came from Food group contributing (-) 1.87 percentage points to the total change. At item level, Wheat & Wheat Atta, Gram Dal, Groundnut Oil, Eggs (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, Cigarette, 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 measured 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 cent 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 centres, 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 of the 18 centres’ indices remained stationary.
The indices of 38 centres are above All-India Index and 37 centres’ indices are below national average. The index of Varanasi, Bengaluru and Chandigarh centres remained at par with All-India Index.
The next issue of CPI-IW for the month of March, 2018 will be released on Friday, 27th April, 2018. The same will also be available on the office website www.labourbureaunew.gov.in.
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