31st July, 2002
Ministry of Labour & Empowerment  


INFLATION RATE FALLS BUT CONSUMER PRICE INDEX FOR INDUSTRIAL WORKERS RISES


The rate of inflation based upon the Consumer Price Index for Industrial Workers continued to witness a downward trend with a further fall of 0.50 percentage point during June, 2002. It went down from 4.66 % in May, 2002 to 4.16% in June, 2002. In June, 2001 the inflation rate was 3.39%.

The All India Consumer Price Index Number for Industrial Workers (CPI-IW) for June, 2002 (base 1982-100) went up by 4 points to stand at 476 (four hundred & seventy six) points. The CPI-IW during the corresponding period last year had also increased by six points.

The Fall/Rise in index varied from centre to centre. In 62 centres, the index increased between 1 to 37 points and in 3 centres it remained constant whereas in another 5 centres it recorded an decrease of 1 to 6 points when compared to the previous month.

During the month Quilon centre experienced the maximum increase of 37 points. The increase is mainly due to rise in prices of Rice, Tapioca, Fish Fresh, Fish Dry, Onions, Vegetables & Fruits, Bidi, Medicines etc. On the other hand Raniganj centre experienced the maximum decrease of 6 points due to fall in prices of Rice, Wheat, Wheat Flour and Fresh Fish. The index remained stationery in 3 centres viz. Warangal, Kolkata and Mariani-Jorhat.

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

1. Ahmedabad 479 4. Chennai 512

2. Bangalore 450 5. Delhi 555

3. Kolkata 528 6. Mumbai 55