The largest upward contribution to the change in current index came from food materials that increased by 0.87 %, contributing 0.68 percentage points to the overall change. At the item level, largest upward pressure came from Rice, Wheat, Atta, Grinding Charges,
[caption id="" align="alignright" width="300"] A graph showing the Consumer Confidence Index in India. (Photo credit: Wikipedia)[/caption]
Arhar Dal, Egg, Fish , Meat, Milk, Tea etc. Miscellaneous things like Electricity Charges, Firewood, medication (Allopathic), etc. also place upward pressure in total change.
The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 4.38 %, made (-) 0.67 percentage points to the overall change. The most downward pressure came from Tomato, Chilies,Green Apple, Banana etc.
The year-on-year inflation measured by monthly CPI-IW stood at 9.14 % in September, 2012 as compared to 10.31 % from the previous month and 10.06 % throughout the corresponding month of the previous year. The Food inflation stood at 11.00 % against 12.20 % of the previous month and 8.29 % throughout the corresponding month of the previous year.
At central level, Chhindwara recorded the biggest increase of eight points followed by Jalpaiguri and Ranchi Hatia (7 points each), Nasik (5 points) and Jharia (4 points). Among others, twelve registered an increase of three points followed by two points in sixteen countries and one point in twenty two countries. Giridih centre reported a decline of three points followed by Bhilwara with two points and other seven centres registered a fall of one point every. remainder of the fourteen centres’ indices remained stationary.
The indices of forty centres are higher than All-India Index and other thirty seven centres’ indices are below nations average. Ghaziabad’s index remained as same with all-India index.
The next Price Index,
AICPIN-IW for October, 2012 will be published on Wednesday, November thirty, 2012.