Retail inflation for workers up 4%

Retail inflation for workers up 4%

Retail inflation for workers up 4%

Owing to costlier food and cooking gas prices, retail inflation for industrial workers inched up 3.97% in November from 3.24% in the previous month.

According to the Labour and Employment Ministry data, food inflation jumped significantly in November to 3.91% from 2.26% in October. On year-on-year basis, the prices have more than doubled.

The data showed food inflation was 1.66% in November 2016.

Food prices
The maximum upward pressure to the change in current index came from food group contributing (+) 1.10 percentage points to the total change.

Wheat, eggs, goat meat, milk, onion, tamarind, bitter gourd, cabbage, carrot, coconut, potato, tomato, cooking gas, electricity charges, firewood, kerosene oil, private tuition fee, petrol, barber charges were responsible for the increase in the index, the ministry said in a statement.

However, this increase was checked by arhar, gram, masur, urad, groundnut oil, fish, poultry, green chilly, garlic, ginger, brinjal, cauliflower, french bean, coriander leaves, methi, palak, radish, apple and banana.

Inflation indices of 34 centres recorded above all-India index and 42 centres recorded below the national average. The indices of Visakhapatnam and Ghaziabad centres remained at par with all-India index, the statement said.

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