AICPIN for the month of July 2013

Consumer Price Index Numbers for Industrial Workers (CPI-IW) July 2013

According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for July, 2013 rose by 4 points and pegged at 235 (two hundred and thirty five). On 1-month percentage change, it increased by 1.73 per cent between June and July compared with 1.92 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 1.99 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato & other Vegetables. Electricity Charges, Firewood, Bus Fare, Petrol, etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Primary and secondary School Fees putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.85 per cent for July, 2013 as compared to 11.63 per cent for the previous month and 9.84 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.10 per cent against 14.86 per cent of the previous month and 11.27 per cent during the corresponding month of the previous year.

At centre level, Giridih recorded the highest increase of 16 points each followed by Kodarma (11 points), Durgapur (10 points) and Jharia, Surat, Ghaziabad and Godavarikhani (9 points each). Among others, 8 points rise was registered in 7 centres, 7 points in 6 centres, 6 points in 10 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 6 centres, and 1 point in five centres. On the contrary, Faridabad reported a decline of 6 points followed by Madurai (5 points), Coonoor (3 points), Tiruchirapally (2 points) and 5 other centres by 1 point each. Rest of the 7 centres’ indices remained stationary.

The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Ghaziabad centre remained at par with all-India index.

The next index of CPI-IW for the month of August, 2013 will be released on Monday, 30 September, 2013. The same will also be available on the office website www.labourbureau.gov.in.

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