Consumer price inflation declines to 9.14 per cent in September
31 Oct 2012
Consumer price inflation based on the consumer price index for industrial workers (CPI-IW) declined to 9.14 per cent in September 2012 from 10.31 per cent in August, owing to easing of the prices of vegetables and fruits.
Consumer price inflation for industrial workers (CPI-IW) stood at 10.06 per cent in September 2011, official data released today showed.
Prices of vegetables and fruits showed the biggest decline of 4.38 per cent during the month, contributing 0.67 percentage points of decline in the overall index, union ministry of labour and employment said in a statement.
"The main downward pressure came from tomato, chillies, green apple and banana," it said.
Food price inflation declined to 11 per cent in September as compared to 12.20 per cent in the previous month. Food price inflation stood at 8.29 per cent during the corresponding month of 2011.
On 1-month percentage change, consumer price inflation for industrial workers 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 and wheat atta, grinding charges, arhar dal, eggs, fish, goat meat, milk, tea (readymade), etc. Miscellaneous items like electricity charges, firewood, medicine (allopathic) etc also put upward pressure in total change.
