Retail inflation rises to 5.61pc in August |
Retail inflation for industrial workers rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products. The year-on-year inflation based on CPI-IW remained stagnant at 5.61 per cent for August, 2018 as compared to the previous month and 2.52 per cent during the corresponding month of the previous year. The food inflation was (-) 0.32 per cent in August as compared to 1.61 per cent during the year-ago period. The All-India Consumer Price Index for Industrial Worker (CPI-WI) for August, 2018 remained at 301. On 1-month percentage change, it remained static between July and August and was also static between the corresponding months of previous year. It said the maximum upward pressure to the change in current index came from miscellaneous and food groups contributing (+) 0.25 and (+) 0.07 percentage points, respectively to the total change.At commodity level, rice, wheat, wheat atta, groundnut oil, brinjal, cabbage, carrot, parval, mango (ripe), sugar, cooking gas, petrol, ornaments, glass, etc are responsible for the increase in index.
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