: CPI for industrial workers increased by 0.5 points in April #FinanceIndia #StockMarketNEWS CPI for industrial workers increased by 0.5 points in April New Delhi, Jun 1 (KNN) All-India Consumer

@StockMarketNEWS Tue 01 Jun, 2021

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CPI for industrial workers increased by 0.5 points in April #FinanceIndia #StockMarketNEWS
CPI for industrial workers increased by 0.5 points in April New Delhi, Jun 1 (KNN) All-India Consumer Price Index for Industrial Workers for April, 2021 increased to 120.1 points compared to 119.6 points for March, 2021, said the Ministry of Labour & Employment.

"The All-India CPI-IW for April, 2021 increased by 0.5 points and stood at 120.1," the ministry said in a statement on Monday.

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 Motorcycle, Cable Charges, etc. which experienced an increase in prices, it added.

On a one-month percentage change, it increased by 0.42 per cent with respect to the 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 in increased wages of the working class population by way of increase in dearness allowance payable to them.”

The Inflation for April, 2021 went 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.

“Decline in inflation during April, 2021 is a sign of respite for consumers which is mainly due to lower retail prices of vegetables,” Gangawar added.

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 & 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 M/o Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.

The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month.