AICPIN for the month of August 2014 – 1 Points increased and stands at 253

AICPIN for the month of August 2014 – 1 Points increased and stands at 253

Unlike the Previous 6 Points, AICPIN Rises by 1 Point

Labour Bureau released the Consumer Price Index for Industrial Workers Base Year 2001=100 for the month of August 2014 on 30.9.2014. The AICPIN has hiked by one point and stands at 253.

During July, the previous month, AICPIN rose by 6 points from 246 to 252, much to the surprise of the observers. As a result, many calculated that there would be a substantial hike in the DA for the month of January next year.

It is believed that with no substantial rise in prices of essential commodities, particularly indexed in the measuring table, for the next few months, there wouldn’t be any major change in the AICPIN points in the near future.

In case there is a huge change in AICPIN points, what would January’s Dearness Allowance be?

Nothing will happen..!

Press Release of All India Consumer Price Index for Industrial Workers(BY 2001=100) for the month of August 2014 as follows…

No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th September, 2014

Press Release

Consumer Price Index for Industrial Workers (CP-IW) – August, 2014

The All-India CPI (IW) for August, 2014 increased by 1 point and pegged at 253 (two hundred and fifty three). On 1-month percentage change, it increased by 0.40 per cent between July, 2014 and August, 2014 when compared with the rise of 0.85 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 1.03 percentage points to the total change. At item level, Wheat, Pulses, Milk, Chillies-green, Potato, Tomato, Green vegetables & fruits, Tea (Readymade), Snack Saltish, Bidi, Chewing tobacco, Pan finished, Fire wood, Doctor’s fee, Cable charges, Auto rickshaw & Bus Fare, Flower/Flower garlands, Toiletries, Tailoring charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Eggs (Hen), Fish Fresh, Poultry (Chicken), Ginger, Sugar, Electricity Charges, Medicine (Allopathic), Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI~lW stood at 6.75 per cent for August, 2014 as compared to 7.23 per cent for the previous month and 10.75 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.63 per cent against 8.11 per cent of the previous month and 13.91 per cent during the corresponding month of the previous year.

At centre level, Nasik and Vadodara recorded the maximum increase of 8 points each followed by Chhindwara (7 points) and Surat (6 points). Among others, 5 points rise was observed in 4 centres, 4 points in 5 centres, 3 points in 7 centres, 2 points in 15 centres and 1 point in 16 centres. On the contrary, Goa reported a decrease of 8 points followed by Mysore (4 points). Among others, 3 points fall was observed in 3 centres, 2 points in 5 centres and 1 point in 6 centres. Rest of the 11 centres’ indices remained stationary.

The indices of 39 centres are above and other 39 centres are below national average.

The next index of CPI-IW for the month of September, 2014 will be released on Friday, 31 October, 2014. The same will also be available on the office website www. iabourbureau. gov. in.

sd/-
(S.S. NEGI)
DIRECTOR

Source: www.labourbureau.nic.in
[http://labourbureau.nic.in/press_note_eng_Aug_2014.pdf]

AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

AICPIN FOR THE MONTH OF MAY 2014 – EXPECTED DA FROM JULY 2014

Labour Bureau published the index of CPI-IW for May 2014 has increased by two points from the existing level and pegged at 244.

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter – MAY 2014

[Read more…]

AICPIN for the month of May to be released today


AICPIN for the month of May to be released today

AICPIN(I-W) for the month of May 2014, the data on price rise and inflation, is going to be released today. The twice-a-year Dearness Allowance given to Central Government employees is calculated on the basis of Consumer Price Index for Industrial Workers based on 2001=100.

At the end of each month, the Labour Bureau, a Central Government agency, releases the AICPIN number for the previous month, based on the month’s price fluctuations. The Bureau is expected to release the APCIN number today. If one goes by the other statistics released for the month of May (Agricultural Labourers 771 to 777; Rural Labourers 773 to 780), the AICPIN number is expected to be on the ascent.

[Read more…]

AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

AICPIN FOR APRIL 2014 – EXPECTED DA JULY 2014 – 4th STEP COMPLETED

As per the press release of Labour Bureau, All India Consumer Price Index (Industrial workers Base Year 2001=100) for  the month of April, 2014 is increased by three points from 239 to 242.

According to the hike of index for the month of April 14, the Expected DA from July 2014 is also increased by 2 percent from 3 to 5…

The below table is clearly indicate the movement of AICPIN with increasing Dearness allowance…

[Read more…]

AICPIN for the month of Feb 2014 – Expected DA from July 14

Consumer Price Index Numbers for Industrial Workers (CPI-IW)- February 2014

Press Information Bureau
Government of India
Ministry of Labour & Employment

01-April-2014 11:47 IST

Consumer Price Index Numbers for Industrial Workers (CPI-IW)- February 2014
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for February, 2014 increased by 1 points and pegged at 238 (two hundred and thirty Eight). On 1-month percentage change, it increased by 0.42 per cent between January, 2014 and February, 2014 compared with the rise of 0.90 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Miscellaneous group contributing 0.34 percentage points to the total change. At item level, Rice, Wheat, Moong Dal, Fish Fresh, Goat Meat, Milk (Cow & Buffalo), Pure Ghee, Medicine, Barber Charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Arhar Dal, Ground Nut Oil, Onion, Vegetable & Fruit items, Sugar etc. putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.73 per cent for February, 2014, as compared to 7.24 per cent for the previous month and 12.06 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.56 per cent against 8.94 per cent of the previous month and 14.98 per cent during the corresponding month of the previous year.

At centre level, Quilon recorded the highest increase of 9 points each followed by Tiruchirapally & Conoor (6 Points each) and Lucknow (5 points). Among others, 4 points rise was registered in 3 centres, 3 points in 2 centres, 2 points in 8 centres and 1 points in 10 centres. On the contrary, Chhindwara reported a decline of 5 points followed by Rourkela & Ajmer (4 points each), 3 points decline was observed in 6 centres, 2 points in 10 centres and 1 point in 12 centres. Rest of the 20 centres’ indices remained stationary.

The indices of 36 centres are above All-India Index and other 42 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index.

The next index of CPI-IW for the month of March, 2014 will be released on Wednesday, 30 April, 2014. The same will also be available on the office website www.labourbureau.gov.in.