IDA to increase from Jan. 2013 if this trend continues.

CPI-IW rises by 1 point in Sept

India Blooms News Service

New Delhi, Oct 31 (IBNS) The All-India Consumer Price Index Numbers for Industrial Workers (CPI-IW) for September, 2012 rose by 1 point and pegged at 215 (two hundred and fifteen), government numbers revealed on Wednesday.

On 1-month percentage change, it increased by 0.47 per cent between August and September compared with 1.55 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 0.87 per cent, contributing 0.68 percentage points to the total change.

At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Grinding Charges, Arhar Dal, Eggs-Hen, Fish Fresh, Goat Meat, Milk-Buffalo, Tea (readymade), etc. Miscellaneous items like Electricity Charges, Fire wood, Medicine (Allopathic), etc. also put upward pressure in total change.

The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 4.38 per cent, contributing (-) 0.67 percentage points to the total change. The main downward pressure came from Tomato, Chilies-Green Apple & Banana.

The year-on-year inflation measured by monthly CPI-IW stood at 9.14 per cent for September, 2012 as compared to 10.31 per cent for the previous month and 10.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 11.00 per cent against 12.20 per cent of the previous month and 8.29 per cent during the corresponding month of the previous year.

At centre level, Chhindwara recorded the largest increase of 8 points followed by Jalpaiguri and Ranchi Hatia (7 points each), Nasik (5 points) and Jharia (4 points).

Among others, 12 centres registered a rise of 3 points followed by 2 points in 16 centres and 1 point in 22 centres. Giridih centre reported a decline of 3 points followed by Bhilwara with 2 points and other 7 centres registered a fall of 1 point each. Rest of the 14 centres’ indices remained stationary.

The indices of 40 centres are above All-India Index and other 37 centres’ indices are below national average.

Ghaziabad’s index remained at par with all-India index.

The next index of CPI-IW for the month of October will be released on November 30.