Industrial workers: Retail price inflation for industrial workers climbs to 5.35 pc in March

Retail sales inflation for industrial workers reached 5.35% in March, compared to 5.04% in February this year, mainly due to higher prices for some food products. “Year-on-year inflation for the month was 5.35% compared to 5.04% for the previous month (February 2022) and 5.64% in the corresponding month (March 2021) a year earlier” , says a press release from the Ministry of Labor. .

Likewise, he indicated that food inflation stood at 6.27% against 5.09% the previous month and 5.36% in the corresponding month a year ago.

The All India CPI-IW (Consumer Price Index – Industrial Workers) for March 2022, increased by 1.0 point to 126 points. It was 125 points in February 2022.

As a percentage change over one month, it increased by 0.80% the previous month, compared to an increase of 0.50% recorded between the corresponding months a year ago.

The maximum upward pressure on the current index came from the food and beverage group, which contributed 0.59 percentage points to the total change.

At item level, buffalo milk, cow milk, poultry/chicken, sunflower oil, soybean oil, palm oil, apple, stew, peas, radish, green chili, lemon, potato, mango, foreign liquor, coriander, cumin/jeera, Tea Leaf, Saree Cotton, Cooking Gas, Petrol, Telephone/Mobile Charges, etc. are responsible for the rise of the index.

However, he said that this increase was largely controlled by onion, tomato, kundru, brinjal, cabbage, carrot, cauliflower, squash, chicken egg, watermelon, grape, bat root, etc., putting downward pressure on the index.

At the central level, Sangrur recorded a maximum progression of 6.3 points followed by Labac-Silchar and Angul-Talchar with 5.8 and 5.4 points respectively. Among others, 2 centers recorded an increase between 4 and 4.9 points, 4 centers between 3 and 3.9 points, 8 centers between 2 and 2.9 points, 20 centers between 1 and 1.9 points and 39 centers between 0.1 and 0.9 points. On the contrary, Salem recorded a maximum decline of 1.1 points.

Among other things, 11 centers recorded a drop of between 0.1 and 0.9 points.

The Labor Bureau, an office attached to the Ministry of Labor and Employment, compiles the consumer price index for workers in industry each month based on retail prices collected from 317 markets in 88 important industrial centers of the country.

The index is compiled for 88 centers and is published on the last working day of the following month.