AICPIN points for the month of May to be announced Tomorrow

AICPIN points for the month of May to be announced Tomorrow

“The Ministry of Labour will announce the ‘All India Consumer Price Index for Industrial Workers’ for the month of May, tomorrow; AICPIN indicates the rise and fall of prices of essential commodities across important towns and cities in the country”.

After significant changes in the Agricultural and Rural AICPIN points in the month of May, there is tremendous curiosity regarding the AICPIN points for the industrial workers. The index of Agricultural and Rural AICPIN had increased by 6 and 7 points to 811 and 816 respectively.

CPI (IW) BY 2001=100 points indicate the fluctuation of prices of essential commodities. If the CPI (IW) points increase, it leads to an increase in the percentage of additional Dearness Allowance for Central Government employees and Pensioners.

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Comparison of weighting diagrams of the existing and revised series of CPI

Comparison of weighting diagrams of the existing and revised series of CPI

Base Year Revision of Consumer Price Index (CPI)

The Central Statistics Office (CSO) releases Consumer Price Indices (CPI) for Rural, Urban and Combined, at State/UTs and all India level, w.e.f. January 2011. The Base Year of this series of CPI is 2010=100 and weighting diagrams are based on the results of Consumer Expenditure Survey (CES) 2004-05.

2. Now the CSO is in the process of revising the Base Year from 2010=100 to 2012=100. The weighting diagrams have been prepared on the basis of the results of CES (2011-12). With this revision, the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimized. Apart from this, a number of methodological improvements have been introduced in the revised series, which are as follows:

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Consumer Price Index for Industrial Workers (CPI-IW) – November, 2014

Consumer Price Index for Industrial Workers (CPI-IW) – November, 2014

G.I., MoL&E., Press Release No. 5/1/2014- CPI, dated 31.12.2014

Consumer Price Index for Industrial Workers (CPI-IW) – November, 2014

The All-India CPI-IW for November, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained static between October, 2014 and November, 2014 when compared with the rise of 0.83 per cent between the same two months a year ago.

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