AICPN For December 2022 Released On 31st January 2023

The All-India CPI-IW for December 2022 decreased by 0.2 points and stood at 132.3 (one thirty-two point three) points.

On 1-month percentage change, it decreased by 0.15 per cent with respect to the previous month compared to a decrease of 0.24 per cent recorded between corresponding months a year ago.

The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month.

The maximum downward pressure in the current index came from Food & Beverages group contributing 0.52 percentage points to the total change. At the item level, Cabbage, Cauliflower, Brinjal, Carrot, Onion, Potato, Tomato, Peas, Garlic, Chilies Green, Apple, Orange, Sunflower Oil, Vanaspati Oil and Poultry/Chicken etc. are responsible for the fall in the index. However, this decrease was checked by Rice, Wheat Atta, Wheat, Cow Milk, Fish Fresh, Egg-Hen, Drum stick, Chilies Dry, Cumin Seed/Jira, Turmeric, Tea Leaf, Cooked Meals, ESI Contribution, Medicine Allopathic and Tuition and other fees school/ITI etc. putting upward pressure on the index.

At the centre level, Lucknow and Nasik recorded a maximum decrease of 1.9 points each. Among others, 19 centres recorded a decrease between 1 to 1.8 points and 37 centres between 0.1 to 0.9 points. On the contrary, Faridabad recorded a maximum increase of 3.3 points followed by Nagpur and Tirunelveli with 3.0 and 2.4 points respectively. Among others, 4 centres recorded an increase between 1 to 1.7 points and 21 centres between 0.1 to 0.9 points. The rest of the 2 centres’ indices remained stationary.

Year-on-year inflation for the month stood at 5.50 per cent compared to 5.41 per cent for the previous month and 5.56 per cent during the corresponding month a year before. Similarly, the Food inflation stood at 4.10 per cent against 4.30 per cent in the previous month and 5.93 per cent during the corresponding month a year ago.

The next issue of CPI-IW for the month of January 2023 will be released on Tuesday, 28th February 2023. The same will also be available on the official website.

Source: Press Information Bureau

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