The Labour Bureau, an office of the Ministry of Labour & Employment in India, has released the Consumer Price Index (CPI) for Industrial Workers for January 2023. The All-India CPI-IW increased by 0.5 points, reaching 132.8, with the Housing group contributing the maximum upward pressure to the index. The increase was primarily driven by items such as House rent, Wheat, Wheat Atta, Cow Milk, Apple, Banana, Orange, Brinjal, Lady Finger, Kundru, Cumin Seed/Jira, Egg Hen, Cooked Meal, Pan Finished, Zarda, Medicine Allopathic, and Toilet Soap. However, Potato, Cabbage, Carrot, Cauliflower, Peas, Onion, Capsicum, French Beans, Green Coriander Leaves, Radish, Tomato, Soyabean Oil, Sunflower Oil, Poultry Chicken, etc. put downward pressure on the index. Coimbatore recorded the highest increase in the index, while Labac-Silchar recorded the highest decrease. Year-on-year inflation for January 2023 stood at 6.16 per cent, with food inflation at 5.69 per cent.
All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 28 Feb, 2023
Consumer Price Index for Industrial Workers (2016=100) – January, 2023
The Labour Bureau, an attached office of the M/o Labour & 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 index for the month of January, 2023 is being released in this press release.
The All-India CPI-IW for January, 2023 increased by 0.5 points and stood at 132.8 (one hundred thirty two point eight). On 1-month percentage change, it increased by 0.38 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago.
The maximum upward pressure in current index came from Housing group contributing 0.40 percentage points to the total change. At item level, House rent, Wheat, Wheat Atta, Cow Milk, Apple, Banana, Orange, Brinjal, Lady Finger, Kundru, Cumin Seed/Jira, Egg Hen, Cooked Meal, Pan Finished, Zarda, Medicine Allopathic, Toilet Soap, etc. are responsible for the rise in index. However, this increase was largely checked by Potato, Cabbage, Carrot, Cauliflower, Peas, Onion, Capsicum, French Beans, Green Coriander Leaves, Radish, Tomato, Soyabean Oil, Sunflower Oil, Poultry Chicken, etc. putting downward pressure on the index.
At centre level, Coimbatore recorded a maximum increase of 3 points. Among others, 3 centres recorded increase between 2 to 2.1 points, 14 centres between 1 to 1.9 points and 39 centres between 0.1 to 0.9 points. On the contrary, Labac- Silchar recorded a maximum decrease of 1.5 points. Among others, 4 centers recorded decrease between 1 to 1.3 points and 21 centres between 0.1 to 0.9 points. Rest of five centers index remained stationary.
Year-on-year inflation for the month stood at 6.16 per cent compared to 5.50 per cent for the previous month and 5.84 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.69 per cent against 4.10 per cent of the previous month and 6.22 per cent during the corresponding month a year ago.
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