IDA to increase from 01 01 13.

Consumer Price Index Numbers for Industrial Workers (CPI-IW) October 2012

The All-India CPI-IW for October, 2012 rose by 2 points and pegged at 217 (two hundred and seventeen). 

IDA  if present trend continues it may be 3.9%. We have to wait for Nov 12 index.

 On 1-month percentage change, it increased by 0.93 per cent between September and October compared with 0.51 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from food items which increased by 0.43 per cent, contributing 0.45 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Milk, Tea (readymade), Snack Saltish, Snack Sweet, Onion, etc. The other items like Cooking Gas, Electricity Charges, Fire wood, Medicine (Allopathic), Doctors’ Fee, Bus Fare, Cinema Charges, etc. also put upward pressure in total change.

The largest downward contribution to the change in current index came from Oils and Fats with a decline of 1.08 per cent, contributing (-) 0.10 percentage points to the total change. The main downward pressure came from Groundnut Oil, Coconut Oil, Vanaspati Ghee and Palm Oil.

The year-on-year inflation measured by monthly CPI-IW stood at 9.60 per cent for October, 2012 as compared to 9.14 per cent for the previous month and 9.39 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 9.91 per cent against 11.00 per cent of the previous month and 8.72 per cent during the corresponding month of the previous year.

At centre level, Monger Jamalpur and Siliguri recorded the largest increase of 6 points each followed by Labac Silchar, Guntur, Salem, Jharia, Coimbatore, Sholapur, Jalpaiguri, Kodarma, Mariani Jorhat, Bengluru and Tripura (4 points each). Among others, 3 points rise was registered in 7 centres followed by 2 points in 21 centres and 1 point in 11 centres. Hubli Dharwar centre reported a decline of 4 points followed by Goa with 3 points, Chennai and Varanasi with 2 points each and other 6 centres registered a fall of 1 point. Rest of the 16 centres’ indices remained stationary.

The indices of 38 centres are above All-India Index and other 39 centres’ indices are below national average. Bokaro’s index remained at par with all-India index.

The next index of CPI-IW for the month of November, 2012 will be released on Monday, December 31, 2012.