update

Retail inflation for factory workers eases to 6.49% in June.

     The retail inflation for factory workers eased to 6.49 percent y-o-y in the month of June as compared to 7.2 percent in the previous month mainly driven by low prices of food items, soft coke and medicines. The retail inflation, which is based on Consumer Price Index-Industrial Workers (CPI-IW), stood at 11.06 percent in the same month last year. Inflation in food articles for industrial workers dropped to 5.88 percent in June 2014 from 7.66 percent in May and 14.86 percent during the same month of previous year.

     Among the food products, price rise was seen in rice, fish, vegetables, sugar, cigarette, goat meat, poultry, chicken, milk, onion, potato, tomato and electricity. However, the increase was restricted due to lower prices of wheat, wheat flour, edible oils, fruits and medicines.

     At centre level, Vishakhapathnam, Bengluru, Kodarma,Goa and Madurai recorded maximum increase of 6 points each followed by Ahmedabad and Hubli Dharwar (5 points each).  Among others, 4 points rise in index was observed in 8 centres, 3 points in 11 centres, 2 points in 16 centres and one point in another 16 centres. Whereas, a decline of 8 points was reported in Giridih, 2 points each in Yamunanagar and Sholapur, and one point in 5 centres. Indices of remaining 12 centres experienced no change in the reported month. Furthermore, the indices of 36 centres are above and other 42 centres are below national average.