INFLATION RATE & 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 an upward trend with a marginal rise of 0.44 percentage point during September 2002. It went up from 3.86 per cent in August 2002 to 4.30 per cent in September 2002. In September 2001 the inflation rate was 4.73%.

The All India Consumer Price Index Number for Industrial Workers (CPI-IW) for September, 2002 (base 1982-100) went up by one point to stand at 485 (four hundred & eighty five) points. The increase is mainly due to rise in prices of Rice, Wheat, Groundnut oil, Onions, Vegetables & Fruits, etc. The CPI-IW during the corresponding period last year had decreased by one point.

The Rise/ Fall in index varied from centre to centre. In 45 centres, the index increased between 1 to 10 points and in 6 centres it remained constant whereas in another 19 centres it recorded a decrease of 1 to 9 points when compared to the previous month.

During the month Monghyr-Jamalpur (Bihar) and Mudakayam (Kerala) centres experienced the maximum increase of 10 points each. On the other hand Alwaye centre (Kerala) experienced the maximum decrease of 7 points. The index remained stationery in 6 centres viz. Tiruchirapally (T.N), Madurai (T.N), Agra (U.P), Asansol (W.B), Gudur (A.P) and Mercara (Karnataka).

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

1. Ahmedabad 482

2. Bangalore 458

3. Kolkata 538

4. Chennai 523

5. Delhi 562

6. Mumbai 563