Retail Inflation For Industrial Workers Remains Flat At 6.16% In February

Food inflation stood at 6.13% against 5.69% of the previous month and 5.09% during the corresponding month a year ago.

<div class="paragraphs"><p>(Source:&nbsp;<a href=";utm_medium=referral&amp;utm_content=creditCopyText">Daniel Wiadro</a> on <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Source: Daniel Wiadro on Unsplash)

Retail inflation for industrial workers remained flat at 6.16% in February compared to that of January this year.

"Year-on-year inflation for the month stood at 6.16% compared to 6.16% for the previous month (January 2023) also and 5.04% during the corresponding month (February 2022) a year before," a labour bureau statement said.

It stated that food inflation stood at 6.13% against 5.69% of the previous month and 5.09% during the corresponding month a year ago.

The Labour Bureau, an attached office of the Ministry of Labour and Employment, has been compiling 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.

The index is compiled for 88 centres and all-India and is released on the last working day of succeeding month.

The all-India CPI-IW for February 2023 decreased by 0.1 point and stood at 132.7 points. It was 132.8 points in January 2023.

On 1-month percentage change, it decreased by 0.08% with respect to previous month.

A decrease of 0.08% was recorded between corresponding months a year ago too.

The maximum downward pressure in current index came from food & beverages group contributing 0.1 percentage point to the total change.

At item level, cabbage, cauliflower, brinjal, carrot, onion, potato, peas, french-bean, drum stick, kundru, grapes, sunflower oil, soyabean oil, mustard oil, poultry/chicken, eggs-hen and fresh fish, etc. are responsible for the fall in index.

However, this decrease was checked by rice, wheat, wheat atta, buffalo milk, cow milk, pure ghee, garlic, gourd, lady's finger, parwal, cumin seed/jira, apple, banana, mango, country liquor, foreign liquor and allopathic medicine, etc. putting upward pressure on the index.

At centre level, Raniganj, Jalpaiguri and Puduchery recorded a maximum decrease of 1.8 points each. Among others, 5 centres recorded decrease between 1 and 1.4 points and 32 centres between 0.1 and 0.9 points.

On the contrary, Amritsar recorded a maximum increase of 3.1 points. Among others, 7 centres recorded an increase from 1 to 1.9 points and 37 centres from 0.1 to 0.9 points. Rest of three centres' indices remained stationary.