AICPIN for IW for the Month of May 2019

AICPIN for IW for the Month of May

All India Consumer Price Index Numbers for Industrial Workers has been released by Labour Bureau on 28th June 2019. It increased by 2 points and pegged at 314. Since DA is calculated based on this index , it is expected by central govt employees to know the rate of DA from January and July of every year.

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — May, 2019

The All-India CPI-IW for May, 2019 increased by 2 points and pegged at 314 (three hundred and fourteen). On 1-month percentage change, it increased by (+) 0.64 per cent between April, 2019 and May, 2019 when compared with the increase of (+) 0.35 per cent between the corresponding months of previous year.

The maximum upward pressure in current index came from Food group contributing (+) 1.64 percentage points to the total change. At item level, Wheat Atta, Arhar Dal, Groundnut Oil, Poultry (Chicken), Milk Buffallo, Chillies Green, Garlic, Ginger, Onion, Banana, Brinjal, Carrot, French Bean, Green Coriander Leaves, Lemon, Potato, Tomato, Electricity Charges, Medicine-Allopathic, etc. are responsible for the increase in index. However, this increase was checked by Bitter Gourd, Coconut, Lady Finger, Mango (Ripe), Parval, Torai, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation based on CPI-IW stood at 8.65 per cent for May, 2019 as compared to 8.33 per cent for the previous month and 3.96 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (+) 5.21 per cent against (+) 4.92 per cent of the previous month and (+) 1.66 per cent during the corresponding month of the previous year.

At centre level Quilon reported the maximum increase of 8 points followed by Warangal (7 points) and Godavarikhani (6 points). Among others, 5 points increase was observed in 6 centres, 4 points in another 6 centres, 3 points in 9 centres, 2 points in 17 centres and 1 point in 21 centres. On the contrary, Goa recorded a maximum decrease of 3 points followed by Ghaziabad (2 points). Among others, 1 point decrease was observed in 4 centres. Rest of the 10 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and 43 centres’ indices are below national average.

The next issue of CPI-IW for the month of June, 2019 will be released on Wednesday, 31st July, 2019. The same will also be available on the office website www.labourbureaunew.gov.in.

Sd/-
(AMRIT LAL JANGID)
DEPUTY DIRECTOR

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