Retail inflation for factory workers rises to 9.55%
Retail inflation for industrial workers moved up marginally to 9.55 per cent in November on account of surge in the prices of food items, cooking gas, medicines and bus fares.
December 31, 2012 / 20:03 IST
Retail inflation for industrial workers moved up marginally to 9.55 per cent in November on account of surge in the prices of food items, cooking gas, medicines and bus fares. The rate of price rise was 9.34 per cent in the same month last year. The retail inflation measured in terms of Consumer Price Index for industrial workers was 9.6 per cent in October this year, a Labour Ministry statement said.
Food inflation was 10.85 per cent in November as against 7.61 per cent during the same month last year, and 9.91 per cent in October. The largest upward contribution to the change in current index came from food items which increased by 0.86 per cent, contributing 1.01 percentage points to the total change. At item level, largest upward pressure came from rice, wheat flour, goat meat, milk, onion, potato, tea, snack.Also Read:2013 outlook: Period of uncertainties, mixed cuesStock market hopes for rate cuts, more reforms in 2013The other items like cooking gas, medicine (Allopathic), bus fare, auto rickshaw fare, flowers and tailoring charges, also put upward pressure in total change. The largest downward contribution to the change in current index came from pulses and products with a decline of 0.38 per cent, contributing (-) 0.03 percentage points to the total change.However, at item level, vegetable & fruit items like cauliflower, radish, palak, brinjal and orange put downward pressure on the index. At centre level, Mysore recorded the largest increase of 7 points followed by Vijaywada (6) and Guntur, Tiruchirapally, Coimbatore and Bengluru (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 10 centres, 2 points in 6 centres and 1 point in 20 centres.However, Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres' indices remained stationary. The indices of 41 centres are above the All-India Index, while other 36 centres' indices are below the national average. Puducherry's index remained at par with all-India index. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
