Moneycontrol
Jan 30, 2016 12:20 PM IST | Source: PTI

Retail inflation for industrial workers eases to 6.32% in Dec

The rate of price rise, based on Consumer Price Index for Industrial Workers (CPI-IW) was at 6.72 percent during November 2015. However, the retail inflation was 5.86 percent in December 2014.


Retail inflation for industrial workers fell to 6.32 per cent in December as certain food items became cheaper.

The rate of price rise, based on Consumer Price Index for Industrial Workers (CPI-IW) was at 6.72 percent during November 2015. However, the retail inflation was 5.86 percent in December 2014.


Similarly, the food inflation stood at 7.94 per cent in December against 7.86 per cent in November 2015, a Labour Bureau release said. The CPI-IW dropped by one point in December 2015, but twelve monthly moving averages rose to 261, entitling the government employees to six percent additional DA from January 1, 2016.

The DA of employees would increase from 119 percent on July 1, 2015 to 125 per cent on January 1, 2016.

The maximum downward pressure on the Index came from pluses, onion, potato, tomato, peas green vegetable and fruits which was checked by increase in prices of wheat, wheat flour, rice, fresh fish, eggs, meat barber charges and flowers. 

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