Data compiled by the Labor Ministry shows that the Consumer Price Index-Industrial Workers (CPI-IW) has been declining continuously since February this year and stood at 3.87 per cent in April 2024.

The All India CPI-IW for May 2024 increased by 0.5 points to stand at 139.9. In April 2024 it was 139.4 points.

The fuel and light segment declined from 152.8 points in April 2024 to 149.5 points in May.

The Food and Beverages group increased from 143.4 points in April this year to 145.2 points in May.

The Labor Bureau, under the Ministry of Labor and Employment, compiles the Consumer Price Index for Industrial Workers every month based on retail prices collected from 317 markets spread across 88 industrially important centers in the country.