Friday, September 30, 2016

EXPECTED DEARNESS ALLOWANCE FROM JANUARY 2017-AUGUST AICPIN

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2016

No. 5/1/2016- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: 30th September, 2016

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2016

The All-India CPI-IW for August, 2016 decreased by 2 points and pegged at 278 (two hundred and seventy eight). On 1-month percentage change, it decreased by (-) 0.71 per cent between July, 2016 and August, 2016 when compared with the increase of (+) 0.38 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 2.57 percentage points to the total change. At item level, Wheat, Arhar Dal, Moong Dal, Urd Dal, Eggs (Hen), Poultry (Chicken), Onion, Brinjal, Cabbage, Cauliflower, French Beans, Gourd, Gwar Phali, Green Coriander Leaves, Lady’s Finger, Methi, Palak, Peas, Radish, Tomato, Cucumber, Guava, Petrol, etc. are responsible for the decrease in index. However, this decrease was checked by Gram Dal, Mustard Oil, Milk, Banana, Mango, Sugar, Snack Saltish, Pan Finished, Cooking Gas, Soft Coke, Primary School Fee, Bus Fare, etc.

The year-on-year inflation measured by monthly CPI-IW stood at 5.30 per cent for August, 2016 as compared to 6.46 per cent for the previous month and 4.35 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.16 per cent against 9.34 per cent of the previous month and 3.55 per cent during the corresponding month of the previous year.

At centre level, Vadodara and Madurai reported the maximum decrease of 10 points each followed by Pune and Warrangal (8 points each) and Indore and Rajkot (6 points each). Among others, 5 points decrease was observed in 6 centres, 4 points in 6 centres, 3 points in 9 centres, 2 points in 9 centres and 1 point in 6 centres. On the contrary, Tripura recorded a maximum increase of 8 points followed by Giridih (6 points) and Rourkela (5 points). Among others, 4 points increase was observed in 2 centres, 3 points in 3 centres, 2 points in 4 centres and 1 point in 8 centres. Rest of the 16 centres’ indices remained stationary.

The indices of 33 centres are above All-India Index and other 42 centres’ indices are below national average. The indices of Bengluru, Pune and Bhopal centres remained at par with All-India Index.

The next issue of CPI-IW for the month of September, 2016 will be released on Monday, 31st October, 2016. The same will also be available on the office website www.labourbureaunew.gov.in.

(SHYAM SINGH NEGI)
DEPUTY DIRECTOR GENERAL

Source:http://www.labourbureau.gov.in/Press_Note_CPI_IW_AUG_2016_EH.pdf