Retail inflation has remained above 7 per cent for the second month in a row. The earlier high was 8.33 per cent in May 2014.
The CPI-IW is used primarily for measuring DA payable to workers in the organized sector including PSUs, Banks and Insurance companies besides government employees.
According to the data released by the National Statistical Office (NSO), the Consumer Food Price Index (CFPI) crossed the double-digit mark and was 10.68 per cent in September.
The RBI has kept the retail inflation target of 4 per cent with a bias of plus/minus 2 per cent. Consumer Price Index (CPI) inflation is projected at 6.8 per cent in Q2 of 2020-21.
Retail inflation for industrial workers measured in terms of Consumer Price Index for Industrial Workers (CPI-IW) for June 2020 increased by 2 points and stood at 332.
The data collected, however, did not meet the adequacy criteria for generating robust estimates of CPIs at the state-level.
The retail inflation for industrial workers is measured through Consumer Price Index for Industrial Workers (CPI-IW).
The data collected telephonically did show increase in prices of certain important commodities like milk products, fruits and vegetables in April over March.
The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019.
The retail inflation based on Consumer Price Index (CPI) was 7.59 per cent in January and 2. 57 per cent in February 2019.
The food inflation last month was 13.63 per cent, compared with (-)2.24 per cent in January 2019.
The Reserve Bank today said it will try to keep retail inflation close to 4 per cent on a durable basis which may rise in the near term due to pay commission payouts and price adjustments post GST.