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June 2018
 |
Retail inflation (The Total Investment & Insurance Solutions)
Retail
inflation for industrial workers eased to 3.97 per cent in April mainly due
lower prices of food items. “The year-on-year inflation based on CPI-IW
(Consumer Price Index-Industrial Workers) stood at 3.97 per cent for April,
2018 as compared to 4.36 per cent for the previous month (March 2018) and 2.21
per cent during the corresponding month (April 2017) of the previous year,” the
labour ministry said in a statement. The
Total Investment & Insurance Solutions
The
CPI-IW is used for working out dearness allowance and dearness relief for
central government employees and pensioners respectively.
The
food inflation stood at 1.33 per cent against 1.68 per cent of the previous
month, and 0.67 per cent in April last year.
The
All-India CPI-IW for April, 2018 increased by 1 point to 288.
On
1-month percentage change, it increased by 0.35 per cent between March and
April this year, when compared with the increase of 0.73 per cent between the
corresponding months of last year. The
Total Investment & Insurance Solutions
The
maximum upward pressure to the change in current index came from Food group
contributing (+) 1.01 percentage points to the total change.
At
item level, rice, groundnut oil, potato, tomato, fish fresh, milk, some
vegetables and fruits like apple, and Mango (Ripe) -- in addition to
electricity charges, and petrol — are responsible for the increase in index.
However,
the increase was checked by wheat, gram dal, eggs, pure ghee, onion and sugar,
among others, putting downward pressure on the index.
The
indices of 39 centres were above the All-India Index, while for 38 centres they
were below national average. The index of Bengaluru centre remained at par with
All-India Index.The Total Investment
& Insurance Solutions
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