Business & Investment

Retail inflation of industrial workers rises to 5.57 percent in June

Retail inflation for Industrial workers It rose to 5.57% in June, mainly due to certain price increases Food.. “Year-on-year inflation for the month was 5.57 percent compared to 5.24 percent in the previous month and 5.06 percent in the corresponding month last year.” Ministry of Labor The statement said.

According to the statement, food inflation was 5.61%, compared to 5.26% in May 2021 and 5.49% in June 2020.

All India CPI-IW (Consumer price index (For industrial workers in June 2021) increased by 1.1 points to 121.7 points.

The change in the one-month rate increased by 0.91% compared to the previous month, compared to the 0.61% increase recorded during the corresponding month one year ago.

The maximum upward pressure on the current index came from the food and beverage group, which contributed 0.72 percentage points to the overall change.

At the item level, rice, fish, chicken / chicken, eggs, cooking oil, Apple, Bananas, eggplants, carrots, onions, potatoes, tomatoes, etc. have increased in price.

Electricity, kerosene, hairdresser / hairdresser fees, doctor / surgeon fees, and gasoline also contributed to the rise in the index.

However, this increase was confirmed by items such as Ahaldal, fresh coconut with pulp, mango, pomegranate, watermelon, lemon and tamarind, putting downward pressure on the index.

At the center level, Shillon recorded an increase of up to 6.2 points, followed by Pondicherry and Bhopal with 3.5 and 3.1 points, respectively.

In particular, 13 centers observed an increase between 2 and 2.7 points, 30 centers observed an increase between 1 and 1.9 points, and 32 centers observed an increase between 0.1 and 0.9 points.

on the other hand, Indole Recorded a maximum decrease of 1.1 points.

In particular, seven centers observed a decline between 0.1 and 0.7 points. There were no changes in the two centers.

“The June 2021 rise in the index is consistent with all other consumer price indexes edited and published by various agencies in the country, and prices for food, beverage and fuel items,” said DPS Negi. The rise in the index is due to the rise in the index. ”

Mr Negi also said raising wages would give some rest to working-class families who witnessed many difficulties during the blockade.

The CPI-IW is primarily used to regulate the dear allowances of civil servants and workers in the industrial sector. It is also used to measure retail price inflation, as well as to fix and adjust the minimum wage for planned employment.

Retail inflation of industrial workers rises to 5.57 percent in June

https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-for-industrial-workers-rises-to-5-57-per-cent-in-june/articleshow/84893173.cms Retail inflation of industrial workers rises to 5.57 percent in June

Back to top button