AICPIN for November 2019 increased by 3 Points

All India Consumer Price Index numbers for the month of November 2019 increased by 3 Points and pegged at 328. This increase will push the DA rate to the level of 20% from January 2020

AICPIN for November

Labour Bureau released the following Press Release to declare the Consumer Price Index for Industrial Workers (CPI-IW) – November, 2019

The All-India CPI-IW for November, 2019 increased by 3 points and pegged at 328 (three hundred and twenty eight). On 1-month percentage change, it increased by (+) 0.92 per cent between October and November, 2019 whereas no change observed during corresponding months of last year.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.98 percentage points to the total change. At item level, Rice, Arhar Dal, Moong DaI, Urd Dal, Goat Meat, Poultry Chicken, Milk Cow, Garlic, Onion, Cabbage, Carrot, Green Coriander Leaves, Lady Finger, Potato, Hot Drink- Tea Readymade, Cooking Gas, Fire Wood. Etc. are responsible to the increase in index.

However, this increase was checked by Fish Fresh, Chillies Green, Ginger, Banana, Cauliflower, Coconut, French Beans, Gourd, Lemon, Orange, Peas, Radish, Tomato, Electricity Charges, Toilet Soap, etc., putting downward pressure on the index. Year-on-year inflation based on all-items stood at 8.61 per cent for November, 2019 as compared to 7.62 per cent for the previous month and 4.86 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 9.87 per cent against 8.60 per cent of the previous month and (-) 1.57 per cent during the corresponding month of an year ago.

At centre level, Rourkela observed the maximum increase of 14 points followed by Kodarma (12 points), Madurai (9 points) and Salem (8 points). Among others, 7 points increase was observed in 3 centres, 6 points in 4 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 10 centres, 2 points in 11 centres and 1 point in 15 centres. On the contrary, Chhindwara and Kanpur recorded a maximum decrease of 3 points each followed by Ahmedabad and Jaipur (2 points each). Other 4 centres observed a fall in index by 1 point. Rest of 10 centres’ indices remained stationary. The indices of 31 centres are above All-India Index and 46 centres’ indices are below national average. The index of Warangal centre remained at par with All-India Index.

The next issue of CPI-IW the month of December, 2019 will be released on Friday 31st January. 2020. The same will also be available on the office website www.labourbureaunew.gov.in.

View the Press Release