Wednesday, 2 April 2014

Consumer Price Index Numbers for Industrial Workers (CPI-IW)- February 2014

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for February, 2014 increased by 1 points and pegged at 238 (two hundred and thirty Eight). On 1-month percentage change, it increased by 0.42 per cent between January, 2014 and February, 2014 compared with the rise of 0.90 per cent between the same two months a year ago. 

The largest upward pressure to the change in current index came from Miscellaneous group contributing 0.34 percentage points to the total change. At item level, Rice, Wheat, Moong Dal, Fish Fresh, Goat Meat, Milk (Cow & Buffalo), Pure Ghee, Medicine, Barber Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Arhar Dal, Ground Nut Oil, Onion, Vegetable & Fruit items, Sugar etc. putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.73 per cent for February, 2014, as compared to 7.24 per cent for the previous month and 12.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.56 per cent against 8.94 per cent of the previous month and 14.98 per cent during the corresponding month of the previous year. 
At centre level, Quilon recorded the highest increase of 9 points each followed by Tiruchirapally & Conoor (6 Points each) and Lucknow (5 points). Among others, 4 points rise was registered in 3 centres, 3 points in 2 centres, 2 points in 8 centres and 1 points in 10 centres. On the contrary, Chhindwara reported a decline of 5 points followed by Rourkela & Ajmer (4 points each), 3 points decline was observed in 6 centres, 2 points in 10 centres and 1 point in 12 centres. Rest of the 20 centres’ indices remained stationary. 

The indices of 36 centres are above All-India Index and other 42 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index. 

The next index of CPI-IW for the month of March, 2014 will be released on Wednesday, 30 April, 2014. The same will also be available on the office website www.labourbureau.gov.in. 

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