Consumer price Index up by one point

Consumer price Index up by one point

Agency News

Shimla, Nov 30: The All-India CPI-IW for October, 2018 increase by one point and pegged at, 302 (three hundred and two). On one-month percentage change, it increased by (+) 0.33 per cent between September 2018 and October, 20l8 when compared to increase of (+) 0.77 per cent between the corresponding months of previous year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.95 percentage points to the total change. At item level, Wheat, Wheat Atta, Fish Fresh, Goat meat,Poultry (Chicken), onion, French Beans, cabbage, Green Coriander, Lady Finger, Potato, Lemon, Tea(ready), Cooking gas, Electricity Charges , Flowers and Flowers garlands etc are responsible for the increase in index.

However, this increase was checked by Coconut oil, Guard, Palak, pure Ghee, Pan Leaf, Quilt and Petrol etc, putting downward pressure on the index.

The year-on-year inflation based on CPI-IW stood at 5.23 per cent at October 2018 as compared to 5.61 per cent during the previous month as compared to 3.24 per cent of corresponding month of previous year.

Similarly, the Food inflation stood at 0.95 per cent against (minus) 0.00 per cent of the previous month and 2.26 per cent during the corresponding month of the previous year.

At centre level Munger-Jabalpur reported the maximum decrease of 11 points followed by Cambator, Surat and Ghaziabad (five points). Among others, four points decrease was observed in four centres, three points in eight centres, two points in 11 centres and one point in 24 centres.

On the contrary, Nagpur recorded a maximum increase of five points and three points at Jalpaiguri. Among others, two points increase was observed in five centres and in 20 centres' indices remained stationary.

The indices of 37 centres are above All-India Index and 41 centres' indices are below national average. (UNI)