Categories: Business

retail inflation for industrial workers eases to 5.1 percent in May

Photo: PTI

Retail Inflation

new Delhi. The retail inflation for industrial workers declined to 5.1 percent in May. This was mainly due to the reduction in the prices of some food items and kerosene. The retail inflation rate for industrial workers is calculated based on the Consumer Price Index (CPI-IW) of industrial workers. "The inflation based on all commodities was 5.10 per cent in May 2020, compared to 5.45 per cent in the previous month (April 2020) and 8.65 per cent in the same period a year earlier (May 2019)," the labor ministry said in a statement. According to the data, food inflation was 5.88 percent, which was 5.21 percent in the previous month and 5.21 percent in May 2019.

According to the data, arhar dal, masoor dal, moong dal, urad dal, peanut oil, mustard oil, fish fresh, goat meat, poultry (chicken), milk, cabbage, french bean, green coriander leaves, potatoes, country liquor There has been a boom in cooking gas and petrol. However, rice, wheat, garlic, onion, gourd, coconut, okra, mango, parwal, tomato, luffa, banana, kerosene oil etc. contributed to keeping the index low. Labor Minister Santosh Gangwar said that during the lockdown, the overall retail inflation and overall food inflation have been recorded due to free supply of food grains across the country under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).

This post was published on June 30, 2020 5:49 pm

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