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Retail inflation for industrial employees declined to 5.45 percent in April – retail inflation for industrial employees declined to 545 percent in april

New Delhi, May 29 (Language) The softening in the prices of certain food items and petroleum products led to a fall in retail inflation of industrial workers to 5.45 per cent in April this year. It was 8.33 percent in the same month a year ago. According to the statement of the Ministry of Labor, “The annual inflation rate of all commodities was 5.45 percent in April 2020 as compared to 5.50 percent in the previous month. Whereas it was 8.33 percent in April 2019 a year ago. “Food inflation was 6.56 percent in April 2020 as compared to 6.67 percent in the previous month. One

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Language | Updated: 29 May 2020, 09:20:00 PM IST

New Delhi, May 29 (Language) The softening in the prices of certain food items and petroleum products led to a fall in retail inflation of industrial workers to 5.45 per cent in April this year. It was 8.33 percent in the same month a year ago. According to the statement of the Ministry of Labor, “The annual inflation rate of all commodities was 5.45 percent in April 2020 as compared to 5.50 percent in the previous month. Whereas it was 8.33 percent in April 2019 a year ago. “Food inflation was 6.56 percent in April 2020 as compared to 6.67 percent in the previous month. It was 4.92 percent in April 2019 a year ago. Labor Minister Santosh Gangwar lauded the Labor Bureau for collecting and releasing data for Consumer Price Index-Industrial Employees (CPI-IW). He said that it is a commendable task to release the 'Cost of Living Cost Index' during this difficult time during lockdown and it will help in policy making. CPI-IW is used in determining dearness allowance and dearness relief for one crore central government employees and pensioners. In April, the All India CPI-IW gained 3 points and stood at 329. On the commodity level, retail inflation due to rice, wheat, wheat flour, pigeon pea, moong dal, mustard oil, fish, meat (bakara, poultry), vegetable, fruit (banana, mango), sugar, LPG, etc. The rate has gone up. However, softening of the prices of garlic, onions, parwal, petrol, flowers, etc., curbed the rise in inflation. At the central level, Dum Dum, Tinsukia grew by a maximum of 14 points. It was followed by Salem (12 points) and Surat (10 points). On the other hand Chhindwara, Vadodara, Bhilai, Yamunanagar and Jamshedpur declined by one point each. It remained stable at the remaining 12 centers. As per the data, 33 centers are above the All India Index while 44 centers are below the national average. The Rourkela Center is equivalent to the All India Index.

Web title retail inflation for industrial employees declined to 545 percent in april(Hindi News from Navbharat Times , TIL Network)

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