Retail Inflation for Industrial Workers Rises to 5.91% in October Due to Higher Prices of Certain Food Items
Retail inflation for industrial workers rose marginally to 5.91 per cent in October from 5.62 per cent in September this year mainly due to higher prices of certain food items. “Year-on-year (retail) inflation based on all-items stood at 5.91 per cent for October, 2020 as compared to 5.62 per cent for the previous month and 7.62 per cent during the corresponding month of the previous year,” a labour ministry statement said.
Similarly, it stated that food inflation stood at 8.21 per cent in October against 7.51 per cent of the previous month (September 2020) and 8.60 per cent during the corresponding month (October 2019) a year ago. The all-India Consumer Price Index for Industrial Workers (CPI-IW) for October 2020 increased by 1.4 points and stood at 119.5 points. On one-month percentage change, it increased by (+) 1.19 per cent between September and October, 2020 compared to (+) 0.93 per cent increase between corresponding months of the previous year. The maximum upward pressure in the current index came from the food & beverages group contributing (+) 1.29 percentage points to the total change.