The All-India CPI-IW for November, 2012 was announced yesterday. It rose by 1 point and pegged at 218 (two hundred and eighteen). On 1-month percentage change, it increased by only 0.46 per cent between August and September as compared with 0.51% between the same months a year ago. Last two month also saw a 1 point growth. With this, the Dearness allowance which is calculated based on the CPI-IW is likely to be 80% from January 2013. The index for the month of December has to be available, which will be declared at January end, for exact calculation. However the figure is likely to remain at 80% unless some drastic changes which are not normal. The announcement is likely to be made in the month of February.
The largest upward contribution to the change in current index came from food items which increased by 0.86 per cent, contributing 1.01 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat Atta, Goat Meat, Milk, Onion, Potato, Tea (readymade), Snack Saltish, etc. The other items like Cooking Gas, Medicine (Allopathic), Bus Fare, Auto Rickshaw Fare, Flower/Flower Garlands, Tailoring Charges, etc. also put upward pressure in total change.
The prices were found to ease for the Pulses and Products with a decline of 0.38 per cent, causing a reduction of 0.03% points to the total change. Vegetable & fruit items like Cauliflower, Radish, Palak, Brinjal and Orange put downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 9.55 per cent for November, 2012 as compared to 9.60 per cent for the previous month and 9.34 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 10.85 per cent against 9.91 per cent of the previous month and 7.61 per cent during the corresponding month of the previous year.
At centre level, Mysore recorded the largest increase of 7 points followed by Vijaywada (6 points) and Guntur, Tiruchirapally, Coimbatore and Bengluru (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 10 centres, 2 points in 6 centres and 1 point in 20 centres. Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres’ indices remained stationary.
The indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. Puducherry’s index remained at par with all-India index.
The next index of CPI-IW for the month of December, 2012 will be released on Thursday, January 31, 2013.
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