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Tag: food prices

  • January retail inflation declines to 4.06%, greens turn out to be cheaper

    Image Source : PTI January retail inflation declines to 4.06%, greens turn out to be cheaper
    Lower meals costs, particularly these of greens and cereals, dragged India’s sequential retail worth inflation decrease in January 2021. Sequentially, the Consumer Price Index (CPI), which gauges the retail worth inflation, declined to 4.06 per cent from 4.59 per cent reported for December 2020.
    Besides, the information furnished by the National Statistical Office (NSO) confirmed that CPI Urban declined to five.06 per cent in January from 5.19 per cent in December.

    The CPI Rural fell to three.23 per cent final month from 4.07 per cent in December 2020.
    As per the information, the Consumer Food Price Index decreased to 1.89 per cent final month from 3.41 per cent in December.
    The CFPI readings measure the adjustments in retail costs of meals merchandise.
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  • Retail inflation for industrial staff eases to three.67 per cent in December

    Image Source : PTI Retail inflation for industrial staff eases to three.67 per cent in December
    Retail inflation for industrial staff eased to three.67 per cent in December 2020 towards 9.63 per cent in the identical month of final yr on account of decrease costs of sure meals gadgets. Retail inflation measured by way of all-India Consumer Price Index for Industrial Workers (CPI-IW) was 5.27 per cent in November 2020, a labour ministry assertion mentioned.
    Food inflation for industrial staff stood at 2.89 per cent towards 7.48 per cent within the earlier month and 12.22 per cent in the course of the corresponding month a yr in the past.
    All-India CPI-IW for December decreased by 1.1 factors and stood at 118.8.
    On one-month proportion change, it decreased by (-) 0.92 per cent between November and December, 2020 in comparison with (+) 0.61 per cent improve between corresponding months of the earlier yr.
    The most downward stress in present index got here from Food & Beverages group contributing (-) 1.53 proportion factors to the overall change.
    At centre degree, Ramgarh recorded the utmost lower of 6 factors. Among others, a 4 factors lower was noticed in three centres, 3 factors in seven centres, 2 factors in 29 centres and 1 level in 24 centres.

    On the opposite, Solapur recorded a most improve of two factors. Among others, 1 level rise was noticed in 5 centres. Rest of 18 centres’ indices remained stationary.
    The CPI-IW is the single-most vital value statistics which has monetary implications.
    Labour Minister Santosh Gangwar mentioned, “The fall in inflation during December month is mainly due to food items which experienced a significant fall in retail prices on account of rise in supply. Fall in inflation would imply increased purchasing power in the hands of working class families.”
    Director General, Labour Bureau, D P S Negi mentioned, “The fall in index during December 2020 and fall in inflation rate are in line with other price indices compiled and released by other government agencies.”
    He defined that the autumn in index is principally on account of Food & Beverages group contributing (-) 1.53 proportion factors to the overall change. Among gadgets, rice, poultry (hen), orange, brinjal, cabbage, cauliflower, carrot, chillies inexperienced, ginger, onion, peas, potato, tomato, and many others. are answerable for the decline in index.
    The CPI-IW is primarily used to manage the dearness allowance of presidency staff and staff in industrial sectors. It can be utilized in fixation and revision of minimal wages in scheduled employments in addition to measuring the inflation in retail costs. 
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  • Retail inflation for farm, rural staff eases in December on decrease meals costs

    Image Source : PTI Retail inflation for farm, rural staff eases in December on decrease meals costs
    Retail inflation for farm and rural staff eased to three.25 per cent and three.34 per cent, respectively, in December, primarily as a result of decrease costs of sure meals objects. “Point to point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers and CPI-RL (rural labourers) decreased to 3.25 per cent and 3.34 per cent in December 2020 from 6 per cent and 5.86 per cent respectively in November 2020,” a labour ministry assertion mentioned.
    According to the assertion, inflation based mostly on the meals index of CPI-AL and CPI-RL is at (+) 2.97 per cent and (+) 2.96 per cent, respectively, in December 2020.
    Among states, the utmost lower within the client value index numbers for agricultural labourers and rural staff was skilled by Gujarat and West Bengal (-20 factors every) primarily because of the fall in costs of gur, onion, inexperienced chillies, greens and fruits and so on.
    On the opposite, the utmost enhance within the client value index numbers for agricultural labourers and rural staff was skilled by Meghalaya (+2 factors and +3 factors, respectively) following the rise in costs of pulses, mustard oil, fish dry, greens and fruits, firewood, plastic footwear and bus fare and so on.
    The fall or rise within the index diversified from state to state. In the case of agricultural labourers, it recorded a lower of 1 to twenty factors in 18 states and a rise of 1 to 2 factors in two states.

    Tamil Nadu with 1,253 factors topped the index desk whereas Himachal Pradesh with 823 factors stood on the backside.
    In the case of rural staff, it recorded a lower of 1 to twenty factors in 18 states and a rise of 1 to three factors in two states.
    Tamil Nadu with 1,236 factors topped the index desk, whereas Bihar with 870 factors stood on the backside.
    The all-India client value index numbers for agricultural labourers and rural staff for December 2020 decreased by 13 and 12 factors, respectively, to face at 1,047.
    The main contribution in direction of the autumn within the normal index of agricultural labourers and rural staff got here from meals with (-) 14.40 factors and (-) 13.73 factors, respectively, as costs of pulses, onion, potato, cauliflower, brinjal and so on declined.
    “The inflation based on CPI-AL and RL has dipped to 3.25 per cent and 3.34 per cent which is driven by lower food inflation mainly on account of decline in prices of pulses, onion, potato, cauliflower, brinjal etc,” Labour Minister Santosh Gangwar mentioned within the assertion. 
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