Saturday, April 29, 2017

Consumer Price Index for Industrial Workers (CPI-IW) – March, 2017

Consumer Price Index for Industrial Workers (CPI-IW) – March, 2017

No. 5/1/2017-CPI

DATED: 28th April, 2017

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – March, 2017

The All-India CPI-IW for March, 2017 increased by 1 point and pegged at 275 (two hundred and seventy five). On 1-month percentage change, it increased by (+) 0.36 per cent between February, 2017 and March, 2017 when compared with the increase of (+) 0.37 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.58 percentage points to the total change. At item level, Rice, Goat Meat, Milk, Pure Ghee, Onion, Brinjal, Cabbage, Carrot, Cauliflower, French Beans, Peas, Tomato, Banana, Apple, Sugar, Cooking Gas, Medicine (Allopathic), Bus Fare, Toilet Soap, Tooth Paste, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Arhar Dal, Gram Dal, Black Gram, Masur Dal, Urd Dal, Besan, Mustard Oil, Chillies Dry, Gourd, Lady’s Finger, Potato, Tea (Readymade), Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 2.61 per cent for March, 2017 as compared to 2.62 per cent for the previous month and 5.51 per cent during the corresponding month of the previous year. Similarly, the Food inflation remained static at 1.71 per cent and it was 6.16 per cent during the corresponding month of the previous year.

At centre level, Godavarikhani reported the maximum increase of 5 points followed by Mercara, Tripura, Rourkela, Faridabad and Madurai (4 points each). Among others, 3 points decrease was observed in 5 centres, 2 points in 16 centres and 1 point in 21 centres. On the contrary, Bokaro, Chennai and Varanasi recorded maximum decrease of 3 points each. Among others, 2 points decrease was observed in 4 centres and 1 point in 7 centres. Rest of the 16 centres’ indices remained stationary.

The indices of 32 centres are above .All-India Index and other 41 centres’ indices are below national average. The index of Amritsar, Jabalpur, Jalandhar , Vishakhapathnam and Coonoor centres remained at par with A11-India Index.

The next issue of CPI-IW for the month of April, 2017 will be released on Wednesday. 31st May, 2017. The same will also be available on the office website



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