Consumer Price Index for Industrial Workers for June 2023

AICPIN for the Month of June 2023 increased by 1.7 Points and stood at 136.4

The All-India CPI-IW for June, 2023 increased by 1.7 points and stood at 136.4 (one hundred thirty six point four). On 1-month percentage change, it increased by 1.26 per cent with respect to previous month compared to increase of 0.16 per cent recorded between corresponding months a year ago.

Consumer Price Index for Industrial Workers for June 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 index for the month of June, 2023 is being released in this press release.

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The All-India CPI-IW for June, 2023 increased by 1.7 points and stood at 136.4 (one hundred thirty six point four). On 1-month percentage change, it increased by 1.26 per cent with respect to previous month compared to increase of 0.16 per cent recorded between corresponding months a year ago.

The maximum upward pressure in current index came from Food & Beverages group contributing 1.62 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Arhar Dal, Moong Dal, Fish Fresh, Poultry Chicken, Egg-Hen, Apple, Banana, Brinjal, Carrot, Ginger, Cauliflower, Chili Green, Potato, Onion, Tomato, Cumin seed/Jira, Supari, Casual Wear, Canvas Shoes, Utensil, Medicine ayurvedic, etc. are responsible for the rise in index. However, this increase was largely checked by Mustard Oil, Palm Oil, Sunflower Oil, Coconut Oil, Lemon, Mango, Kerosene Oil, etc. putting downward pressure on the index.

At centre level, Angul-Talchar recorded a maximum increase of 8.5 points followed by Raipur and Labac-Silchar with 6.8 and 6.3 points respectively. Among others, 3 centres recorded increase between 5 to 5.9 points, 2 centres between 4 to 4.9 points, 10 centres between 3 to 3.9 points, 11 centres between 2 to 2.9 points, 28 centres between 1 to 1.9 points and 26 centres between 0.1 to 0.9 points. On the contrary, Mungel-Jamalpur recorded a maximum decrease of 1.1 point. Among others, 4 centers recorded decrease between 0.1 to 0.9 points.

Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month and 6.16 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.00 per cent against 3.24 per cent of the previous month and 6.73 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

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

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