All India CPI-IW for May 2023- DA from July 2023 may Increase by 4%

The Labour Bureau issued a Press release today on All India CPI-IW for May 2023 as expected.

According to the Press release, the AICPIN Points for May 2023 increased 0.5 Points and stood at 134.7 (one hundred thirty four point seven)

With this 0.5 Points increase , there is bright chances for DA from July 2023 to increase from 42% to 46% Level

All India CPI-IW for May 2023 Press release

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The all india consumer price index for the month of May, 2023 is being released in this press release.

AICPIN for the Month of May 2023 increase

The All India CPI-IW for May 2023 increased by 0.5 points and stood at 134.7 (one hundred thirty four point seven). On l-month percentage change, it increased by 0.37 per cent with respect to previous month compared to increase of 1.02 per cent recorded between corresponding months a year ago

DA from July 2023 may increase to 46% : Calculate here the DA from July 2023

The maximum upward pressure in current index came from Food & Beverages group contributing 0.37 percentage points to the total change. At item level, Rice, Arhar Dal, Buffalo milk, Dairy Milk, poultry chicken, Egg-Hen, Apple, Grapes, Brinjal, Garlic, Ginger, Potato, Onion, Tomato, Sugar white, Cumin seed/Jira, Supari, Saree Cotton, Shirt Cloth Cotton, Medicine Allopathic, Private tuition/Coaching Center Fees, etc. are responsible for the rise in index. However, this increase was largely checked by Wheat Atta, Lady’s Finger, Lemon, Mango, Soyabean Oil, Sunflower Oil, Mustard Oil, Electricity Domestic, Kerosene oil, etc. putting downward pressure on the index.

At centre level, Jabalpur recorded a maximum increase of 5.2 points followed by Salem with 3.8 points. Among others, 2 centres recorded increase between 2 to 2.6 points, 14 centres between I to 1.9 points and34 centres between 0.1 to 0.9 points. On the contrary, Ludhiana recorded a maximum decrease of I point. Among others, 26 centers recorded decrease between 0.1 to 0.9 points. Rest of nine centers index remained stationary.

Year-on-year inflation for the month stood at 4.42 per cent compared to 5.09 per cent for the previous month and 6.97 per cent during the corresponding month a year before.

Similarly, Food inflation stood at 3.24 per cent against 4.16 per cent of the previous month and7.92 per cent during the corresponding month a year ago.

AIPCIN for June 2023

The next issue of CPI-IW for the month of June, 2023 will be released on Monday, 31st July, 2023. The same will also be available on the office website www. labourbureau.gov.in

View the Press release