Consumer Price Inflation Consolidates Just Under 4%

The All-India CPI-IW for June, 2018 increased by 2 points and was pegged at 291. On 1-month percentage change, it increased by (+) 0.69 per cent between May, 2018 and June, 2018 when compared with the increase of (+) 0.72 per cent between the corresponding months of previous year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.86 percentage points to the total change. At item level, Rice, Fish Fresh, Eggs (Hen), Onion, Brinjal, Cabbage, Cauliflower, French Bean, Gourd, Potato, Tomato, Sugar, Electricity Charges, Doctor's Fee, Medicine (Allopathic), Sercondary School Fee, Petrol, etc. are responsible for the increase in index. However, this increase was checked by Groundnut Oil, Banana, Coconut, Lemon, Mango (Ripe), Parval, Primary School Fee, etc., putting downward pressure on the index.

The year-on-year inflation based on CPI-IW stood at 3.93 per cent for June, 2018 as compared to 3.96 per cent for the previous month and 1.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 0.97 per cent against 1.66 per cent of the previous month and (-) 1.28 per cent during the corresponding month of the previous year.

At centre level Quilon reported the maximum increase of 10 points followed by Jharia (7 points) and Rourkela (6 points). Among others, 5 points increase was observed in 4 centres, 4 points in 10 centres, 3 points in 12 centres, 2 points in 16 centres and 1 point in 18 centres. On the contrary, Darjeeling recorded a maximum decrease of 2 points followed by Hyderabad with 1 point. Rest of the 13 centres' indices remained stationary.

The indices of 37 centres are above All-India Index and 39 centres' indices are below national average. The indices of Jalandhar and Jabalpur centres remained at par with All-India Index.

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