The Consumer Price Index for Industrial Workers (CPI-IW) for December 2023 has been released by the Labour Bureau. The All-India CPI-IW decreased by 0.3 points, reaching 138.8. This decline is attributed to a 0.22% decrease in the one-month percentage change compared to the previous month and a 0.15% decrease compared to the same month last year.
The major contributing factor to the decrease was the Food & Beverages group, which accounted for a 0.45 percentage point reduction. Items such as Rice, Poultry/Chicken, Mustard Oil, and various vegetables were responsible for the decline, countered by the positive impact from items like Wheat, Buffalo Milk, and other goods.
At the center level, Coimbatore saw the maximum decrease of 4.7 points, while Solapur recorded the highest increase of 1.5 points. Year-on-year inflation for December stood at 4.91%, with Food inflation at 8.18%. The group-wise CPI-IW for November 2023 and December 2023 shows fluctuations in different categories, with the General Index declining from 139.1 to 138.8.
The next CPI-IW report for January 2024 is scheduled for release on February 29, 2024, and will be available on the official website www.labourbureau.gov.in.
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