New consumer price series to release on Feb 18

Written by: Pti
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New Delhi, Feb 7 (PTI) The government today said the newconsumer price series for rural, urban and combined (rural +urban) for January, reflecting the impact of price rise oncommon man, will be released on February 18.

These consumer indices will be available for five majorgroups -- food, beverages and tobacco; fuel and light;housing; clothing, bedding and footwear; and miscellaneous.

The indices will be released for states/Union Territoriesand all India.

The government also releases four CPI (Consumer PriceIndex) inflation series -- CPI for industrial workers, CPI foragricultural labourers, CPI for rural labourers and CPI forurban non-manual employees -- which it will continue to do.

Besides, wholesale prices are measured by the WPI index.

The present four CPI numbers do not encompass all thesegments of the population and as such they "do not reflectthe true picture of the price behaviour in the country", ChiefStatistician T C A Anant said.

"It is therefore, necessary to compile a CPI which takesinto account the consumption patterns of all segments of thepopulation," he said on the sidelines of the 15th Conferenceof Commonwealth Statisticians here.

The base for the new series will be January-December2010.

CPI urban and rural are compiled at state, UT and allIndia level. For regular price collection for CPI (urban) 310towns have been selected, while for the rural data, 1,181villages spread across India have been selected.

"CSO will also compile national CPI by merging CPI(rural) and CPI (urban) with appropriate weights," Anant said.

The government proposes to release provisional indicesfor a period of one year.

"These provisional numbers will be subsequently revisedand final numbers with complete data for all-India and alsofor all the state and UTs would be released with a time lag oftwo months," Anant said.

He said there may not be any need to bring out separateprovisional numbers after December 2011, as the data reportingis expected to be considerably improved.

Retail inflation for items consumed by industrial workersincreased to 9.47 per cent in December 2010 from 8.33 per centin the previous month, mainly due to dearer food prices.

The wholesale price index-based inflation rose to 8.43per cent in December from 7.48 per cent in the previous month.

WPI food inflation rose to 17.05 per cent for the week endedJanuary 22, on account of escalating vegetable prices,particularly, onion.

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