CPI for industrial workers increased by 0.5pts; inflation down by 0.5% for April

FPJ Web DeskUpdated: Monday, May 31, 2021, 04:46 PM IST
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CPI for industrial workers increased by 0.5%; inflation down by 0.5% in April | Pixabay

For April 2021, inflation was down to 5.14 per cent compared to 5.64 per cent of previous month. Meanwhile, food inflation also declined to 4.78 per cent from 5.36 per cent in the previous month. However, according to Ministry of Labour and Employment, all-India Consumer Price Index for Industrial Workers (CPI-IW) for April, 2021 increased to 120.1 points compared to 119.6 points for March, 2021.

The ministry stated, "The All-India CPI-IW for April, 2021 increased by 0.5 points and stood at 120.1." The increase observed in index is mainly due to items like arhar dal, masur dal, fish fresh, goat meat, poultry chicken, eggs-hen, edible oils, apple, banana, grapes, leechi, orange, papaya, tea leaf, tea hot-drink, barber/beautician charges, flowers/flower garlands, doctor’s fee, rail fare, servicing charges of motor cycle, cable charges, etc. which experienced an increase in prices.

On one-month percentage change, it increased by 0.42 per cent with respect to previous month compared to an increase of 0.92 per cent recorded between corresponding months a year ago.

Speaking about the latest index, Minister of State for Labour and Employment Santosh Gangwar said, "The rise in index will result into increased wages of working class population by way of increase in dearness allowance payable to them.”

Inflation for April, 2021 was down to 5.14 per cent compared to 5.64 per cent of previous month. Food inflation also declined to 4.78 per cent from 5.36 per cent in the previous month. Gangwar added that “decline in inflation during April, 2021 is a sign of respite for consumers which is mainly due to lower retail prices of vegetables.”

Director General of Labour Bureau, DPS Negi said that “the rise in Index during April, 2021 is in line with all other price indices compiled and released and decline in inflation during the month has been observed across all retail price indices released by other government agencies.”

The labour bureau, an attached office of the labour and employment, has been compiling CPI-IW every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.

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