Tuesday, October 01, 2013

Expected DA from January 2014 - AICPIN for the month of August 2013.

   Consumer Price index Numbers for Industrial Workers (CPI-IW) August 2013

   According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for August, 2013 rose by 2 points and pegged at 237 (two hundred and thirty seven). On 1-month percentage change, it increased by 0.85 per cent between July and August compared with 0.94 per cent between the same two months a year ago.

   The largest upward pressure to the change in current index came from Food group contributing 1.58 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta,Goat Meat, Dairy Milk, Milk (Cow & Buffalo),Onions, Chillies Green, Tea (Readymade), Firewood, Doctors Fee, Private Tution Fee. Secendory School Books, Petrol, Tailoring Charges are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Fish, Fresh Vegetables and Fruit items, putting downward pressure on the index.

   The year-on-year inflation measured by monthly CPI-IW stood at 10.75 per cent for August, 2013 as compared to 10.85 per cent for the previous month and 10.31 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 13.91 per cent against 14.10 per cent of the previous month and 12.20 per cent during the corresponding month of the previous year.

   At centre level, Chindwara recorded the highest increase of 8 points each followed by Jalpaiguri and Siliguri (7 points), Durgapur (10 points) and Ranchi, Hatia, Nagpur, Kolkata, Asansol and Tiruchirapally (6 points each). Among others, 5 points rise was registered in 8 centres, 4 points in 6 centres, 3 points in 12 centres, 2 points in 13 centres and 1 point in 19 centres. On the contrary, Goa reported a decline of 5 points followed by Ernakulam, Quilon and Surat (2 points each) and 3 other centres by 1 point each. Rest of the 6 centres’ indices remained stationary.

   The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Tiruchirapally centre remained at par with all-India index.

   The next index of CPI-IW for the month of September, 2013 will be released on Thursday, 31 October, 2013. The same will also be available on the office website www.labourbureau.gov.in.

Source: PIB

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