INFLATION RATE FALLS BUT CONSUMER PRICE INDEX FOR INDUSTRIAL WORKERS RISES

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The rate of inflation based upon the Consumer Price Index for Industrial Workers continued to witness a downward trend with a marginal fall of 0.27 percentage point during July, 2002. It went down from 4.16% in June, 2002 to 3.89 per cent in July 2002. In July, 2001 the inflation rate was 4.04%.

The All India Consumer Price Index Number for Industrial Workers (CPI-IW) for July, 2002 (base 1982-100) went up by 5 points to stand at 481 (four hundred & eighty one) points. The CPI-IW during the corresponding period last year had increased by six points.

The Fall/Rise in index varied from centre to centre. In 64 centres, the index increased between 1 to 14 points and in 2 centres it remained constant whereas in another 4 centres it recorded a decrease of 1 to 6 points when compared to the previous month.

During the month Jamshedpur centre experienced the maximum increase of 14 points. The increase is mainly due to rise in House Rent as well as in the prices of Vegetables & Fruits, Onions, Bus Fare etc. On the other hand Nagpur centre experienced the maximum decrease of 6 points mainly due to decline in House Rent reported during the 39^th round. The index remained stationery in 2 centres viz. Salem and Bhopal.

The index in respect of six main centres for July, 2002 stood at the following level: -

1. Ahmedabad	482
2. Bangalore	455
3. Kolkata	537
4. Chennai	515
5. Delhi	561
6. Mumbai	560