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Retail Inflation For Industrial Workers Sees A 5.1% Dip In May

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Retail Inflation For Industrial Workers Sees A 5.1% Dip In May
PTI - 30 June 2020

New Delhi, June 30: The retail inflation for industrial workers dipped to 5.1 per cent in May due to lower prices of certain food items and kerosene oil.

The retail inflation for industrial workers is measured through Consumer Price Index for Industrial Workers (CPI-IW).

"Inflation based on all items stood at 5.10 per cent for May, 2020 as compared to 5.45 per cent for the previous month (April 2020) and 8.65 per cent during the corresponding month ( May 2019) of the previous year," a labour ministry statement said.

Similarly, as per the data, food inflation stood at 5.88 per cent against 6.56 per cent in the previous month and 5.21 per cent in May 2019.

The All-India CPI-IW for May 2020 increased by 1 point and stood at 330. On 1-month percentage change, it increased by 0.30 per cent between April and May, 2020 compared to 0.64 per cent increase between the same months of the previous year.

The maximum upward pressure in current index came from Food group contributing 0.67 percentage points rise to the total change.

At commodity level, Arhar Dal, Masur Dal, Moong Dal, Urd Dal, Groundnut Oil, Mustard Oil, Fish Fresh, Goat Meat, Poultry (Chicken), Milk, Cabbage, French Bean, Green Coriander Leaves, Potato, Country Liquor, Refined Liquor, Cooking Gas, Petrol, etc. are responsible for the increase in index, the data showed.

However, this increase was checked by Rice, Wheat, Garlic, Onion, Bitter Gourd, Coconut, Gourd, Lady Finger, Mango, Parval, Tomato, Torai, Banana, Kerosene Oil, etc, putting downward pressure on the index, it stated.

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