Retail inflation for factory workers rises to 11.06%

Retail inflation for industrial workers rose to 11.06% in October compared to 10.7% in the previous month mainly on account of rise in price of food items and higher electricity charges.

"The year on year inflation measured by monthly Consumer Price Index for Industrial Workers (CPI-IW) stood at 11.06% for October as compared to 10.7% for the previous month and 9.6% during the corresponding month of previous year," a Labour Ministry statement said.

According to the press release, the food inflation stood at 15.02% against 13.36% of the previous month and 9.91% during the corresponding month of 2012.

The largest upward pressure to the change in the current index came from food group contributing 2.53 percentage point to the total change.

At item level, rice, wheat flour, fresh fish, goat meat, milk, pure ghee, onion, vegetables items, readymade tea, electricity charges etc. Are responsible for the rise in index.

However, the prices groundnut oil, ginger, petrol put the downward pressure on the index.

The CPI-IW for October rose by 3 points and pegged at 241. On one month percentage change it increased by 1.26% between September and October compared with 0.93% between the same two months a year ago.

At the centre level, Bhavnagar recorded the highest increase of 9 points followed by Ahmedabad, Labac Silchar and Koderama (8 points each) and Vadodara and Surat (7 points each). Among others six points rise was registered in eight centres, 5 points in ten centres, 4 points in eight centres, 3 points in nine centres, two points in 10 centres and one point in 11 centres.

On the contrary, Belgam and Chhindwara centres reported a decline of 3 points each followed by Mercara (2 points) and Salem, Hubli Dharwar and Puducherry (one point each). Rest of the 10 centres' indices remained stationary.

The indices of 39 centres are above all India index and other 39 centres indices are below national average.