Retail inflation for industrial workers drops to 6.32% in December

Retail inflation for industrial workers fell to 6.32% in December as certain food items became cheaper. The rate of price rise, based on Consumer Price Index for Industrial Workers (CPI-IW) was at 6.72% during November 2015.

However, the retail inflation was 5.86% in December 2014. Similarly, the food inflation stood at 7.94% in December against 7.86% in November 2015, a Labour Bureau release said.

The CPI-IW dropped by one point in December 2015, but twelve monthly moving averages rose to 261, entitling the government employees to 6% additional DA from January 1, 2016. The DA of employees would increase from 119% on July 1, 2015 to 125% on January 1, 2016.

The maximum downward pressure on the Index came from pluses, onion, potato, tomato, peas green vegetable and fruits which was checked by increase in prices of wheat, wheat flour, rice, fresh fish, eggs, meat barber charges and flowers.