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
DATED: the 30th September, 2014
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.