Retail inflation for industrial workers eases to 3.86% in May
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New Delhi, July 10
The All-India Consumer Price Index for Industrial Workers (CPI-IW) saw a modest increase of 0.5 points in May, reaching 139.9 as compared to 139.4 in April, Labour Ministry data revealed today.
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The main contributors to the current index increase were food & beverages, pan, supari, tobacco, and intoxicants and further clothing and footwear group.
As per the monthly compilation by the Labour Bureau, which collects retail prices from 317 markets across 88 key industrial centres nationwide, wholesale food prices have increased month-on-month in May, with official data showing that the Whole Price Index for food rose from 5.52% in April to 7.40% in May.
Despite the month-on-month rise, the year-on-year inflation rate for May 2024 showed a slight moderation, standing at 3.86%, compared to 4.42% in May 2023. In April 2024, the CPI-IW also rose by 0.5 points, reaching 139.4, with a year-on-year inflation rate of 3.87%, down from 5.09% in April 2023.
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