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Inflation for factory workers was flat at 7.02% in May

New Delhi, Jun 30 (PTI): Retail inflation for industrial workers remained almost flat at 7.02 per cent in May compared to 7.08 per cent in April mainly due to lower price of petrol.

“The year-on-year inflation measured by monthly CPI-IW stood at 7.02 per cent for May as compared to 7.08 per cent for the previous month and 10.68 per cent during the corresponding month of the previous year,” a Labour ministry statement said.

It said the largest upward pressure to the change in the current index came from the food group, which contributed 1.65 percentage points to the total change.

At the item level, rice, coconut oil, fish fresh, poultry, milk, onion, vegetables, fruits, sugar, cigarette, electricity charges etc. are responsible for increase in the index.

However, this upward pressure was restricted to some extent by petrol putting downward pressure on the index, it added.

According to the data, the food inflation stood at 7.66 per cent in May against 7.76 per cent in the previous month and 13.24 per cent during the corresponding month in 2013.

The all India Consumer Price Index (CPI-IW) for May increased by two points and was pegged at 244 points. On one month percentage change, it increased by 0.83 per cent between April and May when compared with the rise of 0.88 per cent between the same two months a year ago.