AICPIN : Consumer Price Index for Industrial Workers July, 2015

The next six months AICPN points to calculate Dearness Allowance from January 2016 will be released from this month. Since we require 12 Months AICPIN average  from January 2015 to December 2015 to calculate expected DA from Jan 2016,  the AICPIN points to be released here after will get  more attention. As of now 7 months AICPIN Points ave been released.  The AICPIN -IW for the month of July 2015 released today. The Press release of Labour Bureau is given below..

No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
CLEREMONT, SHIMLA-171004

DATED : 31st August, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – July, 2015

The All-India CPI-IW for July, 2015 increased by 2 points and pegged at 263 (two hundred and sixty three). On 1-month percentage change, it increased by (+) 0.77 per cent between June, 2015 and July, 2015 when compared with the increase of (+) 2.44 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Housing group contributing (+) 1.33 percentage points to the total change. At item level, Wheat Atta, Arhar Dal, Mustard Oil, Onion, Garlic, Tomato, Gourd, Electricity Charges, etc. are responsible for the increase in index. However, this increase was restricted by Rice, Wheat, Coconut Oil, Coconut, Lemon, Sugar, Primary & Secondary School Books, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 4.37 per cent for July, 2015 as compared to 6.10 per cent for the previous month and 7.23 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 3.21 per cent against 6.67 per cent of the previous month and 8.11 per cent during the corresponding month of the previous year.

At centre level, Haldia reported the highest increase of 19 points followed by Jamshedpur (15 points) and Bhilai (8 points). Among others, 6 points increase was observed in 2 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 12 centres, 2 points in 14 centres and 1 point in 9 centres. On the contrary, Quilon centre recorded a maximum decrease of 6 points. Among others, 3 points decrease was observed in 2 centres, 2 points in 4 centres and 1 point in 7 centres. Rest of the 11 centres’ indices remained stationary.

The indices of 34 centres are above All India Index and other 43 centres’ indices are below national average. The index of Vishakhapathnam is at par with All-India index.

The next index of CPI-IW for the month of August, 2015 will be released on Wednesday, 30th September, 2015. The same will also be available on the office website www.labourbureau.gov.in.

(S. S. NEGI)
DEPUTY DIRECTOR GENERAL

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1 thought on “AICPIN : Consumer Price Index for Industrial Workers July, 2015”

  1. Retirement age is a burnining topic especially among the employees and the unemployed youth.Retirement age is fixed based on the health condition of the employees.There are pros and cons on both side. The ruling govenment has promised to give more employment opportunity in their tenure.Here are the points to be remember to satisfy both the employees and unemployed youth.
    1) Life expectancy of the Indians has improved based on that retirement age may extend to serve as they are capable and experienced . In this case the promotions to lower cader and employment opportunity to youth may be late. The ruling government has to create number of job opportunities by establishing new companies and enhancing the current production based on the need of job requirement.Here the prolem will be solved .

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