Consumer price inflation for industrial workers higher at 5.24% in May
30 Jun 2021
Consumer price inflation for industrial workers, based on the All-India Consumer Price Index for Industrial Workers (base 2016=100) stood at 5.24 per cent in May 2021, compared to 5.14 per cent in the previous month and 5.10 per cent during the corresponding month an year before.
Similarly, food inflation stood at 5.26 per cent against 4.78 per cent of the previous month and 5.88 per cent during the corresponding month a year ago.
The increase in inflation rate was mainly due to increase in prices of edible oils, cereals, pulses, fruits and vegetables, fish, meat, motor fuels etc.
The All-India CPI-IW for May 2021 increased by 0.5 points and stood at 120.6, an increase of 0.42 per cent compared to the previous month and an increase of 0.30 per cent compared to the corresponding month a year ago.
The maximum upward pressure in current index came from food and beverages group contributing 0.35 percentage points to the total change.
At centre level, Coonoor recorded maximum increase of 4.1 points, followed by Udham Singh Nagar with 3.6 points. Among others, 4 centres recorded increases between 2 and 2.9 points, 18 centres between 1 and 1.9 points and 41 centres between 0.1 and 0.9 points. On the contrary, Bhilwara recorded a maximum decrease of 1.2 points, followed by Amritsar with 1 point.
Among others, 17 centres observed a decline between 0.1 to 0.9 points. In remaining 4 centres prices remained more or less stationary.
Releasing the index, minister of labour and employment Santosh Gangwar said the rise in index will result in increased wages for the working population by way of increase in dearness allowance payable to them.