Key Points
Retail inflation for industrial workers eased to 4.59 per cent in January compared to 4.91 per cent in December 2023 mainly due to lower prices of certain food items..
Food inflation was 5.69 per cent in January 2023 a year ago, a labour ministry statement said.. Retail inflation based on the consumer price index for industrial workers (CPI-IW) was 6.16 per cent in January 2023...
The maximum upward pressure in the current index came from the Housing group contributing 0.48 percentage points to the total change...
However, it stated that this increase was largely checked by Onion, Potato, Tomato, Brinjal, Ginger, Peas, Cabbage, Cauliflower, French Beans, Lady's Finger, Banana, Grapes, Papaya, Pomegranate, Coconut Fresh with Pulp, Kerosene Oil, Charcoal, etc. putting downward pressure on the index...
The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country...
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