All-India CPI-IW for December, 2017 decreased by 2 points and pegged at 286

The All-India Consumer Price Index for Industrial Workers (CPI-IW) for December, 2017 decreased by 2 points and pegged at 286 (two hundred and eighty six). On one-month percentage change, it decreased by (-) 0.69 per cent between November, 2017 and December, 2017 when compared with the decrease of (-) 0.72 percent for the corresponding months of last year.

The maximum downward pressure to the change in current index came from Food grotip contributing (-) 2.37 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Groundnut Oil, Chillies Green, Brinjal, Cabbage, Carrot, Cauliflower, French Beans, Green Coriander Leaves, Methi, Palak, Peas, Potato, Radish, Tomato, Banana, Sugar, ESI Premium Contribution, Toilet Soap, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat Atta, Coconut Oil, Fish Fresh, Goat Meat, Onion, Tamarind, Coconut, Electricity Charges and Firewood. Secondary School Fee, Flowers/Flower Garlands, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 4.00 percent for December, 2017 as compared to 3.97 percent for the previous month and 2.23 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 4.32 percent against 3.91 percent of the previous month and 0.67 percent during the corresponding month of the previous year.

At centre level, Jamshedpur and Tiruchirapally reported the maximum decrease of (7 points each) followed by Doom Dooma Tinsukia, Siliguri, Godavarikhani and Jalpaiguri (6 points each). Among others, 5 points decrease was observed in 7 centres, 4 points in 10 centres, 3 points in 9 centres, 2 points in 21 centres and 1 point in 13 centres. On the contrary, Darjeeling recorded a maximum increase of 8 points followed by Maria (4 points) and Srinagar (3 points). Among others, 2 points increase was observed in 2 centres and 1 point in 2 centres. Rest of the 5 centres indices remained stationary

The indices of 35 centres are above All-India Index and 43 centres indices are below national average.

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