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AICPIN for February 2017: Consumer Price Index for Industrial Workers (CPI-IW) – February, 2017

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AICPIN for February 2017

Consumer Price Index for Industrial Workers (CPI-IW) – February, 2017

No.5/1/2017- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: 31st March, 2017

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – February, 2017

The All-India CPI-IW for February, 2017 remained stationary at 274 (two hundred and seventy four). On 1-month percentage change, it remained static between January, 2017 and February, 2017, when compared with the decrease of 0.74 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 (-) 0.46 percentage points to the total change. At item level, Rice, Wheat, Arhar Dal, Black Gram, Gram Dal, Urd Dal, Masur Dal, Moong Dal, Besan, Groundnut Oil, Mustard Oil, Eggs (Hen), Garlic, Potato, Cabbage, etc. are responsible for the decrease in index. However, this decrease was checked by Coconut Oil, Fish Fresh, Milk, Tomato, Lady’s Finger, French Beans, Coconut, Banana, Apple, Sugar, Tea (Readymade), Cooking Gas, Medicine (Allopathic), Tailoring Charges, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 2.62 per cent for February, 2017 as compared to 1.86 per cent for the previous month and 5.53 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.71 per cent against 0.34 per cent of the previous month and 6.18 per cent during the corresponding month of the previous year.

At centre level, Rajkot reported the maximum decrease of 5 points followed by Sholapur, Chhindwara, Darjeeling and Bhilai (4 points each). Among others, 3 points decrease was observed in 5 centres, 2 points in 15 centre and 1 point in 18 centres. On the contrary, Quilon recorded a maximum increase of 12 points followed by Coimbatore (7 points), Belgaum and Mysore (6 points each) and Mundakkayam (4 points). Among others, 3 points increase was observed in 4 centres, 2 points in 2 centres and 1 point in 12 centres. Rest of the 12 centres’ indices remained stationary.

The indices of 33 centres are above All-India Index and other 44 centres’ indices are below national average. The index of Varanasi centre remained at par with All-India Index.

The next issue of CPI-IW for the month of March, 2017 will be released on Friday, 28th April, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.

(SHYAM SINGH NEGI)
DEPUTY DIRECTOR GENERAL

PIB

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Expected DA from Jan 2017 : AICPIN for November 2016

Expected DA from Jan 2017 : AICPIN for November 2016

Press Release

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter – November 2016

JANUARY 2016 269
FEBRUARY 2016 267
MARCH 2016 268
APRIL 2016 271
MAY 2016 275
JUNE 2016 277
JULY 2016 280
AUGUST 2016 278
SEPTEMBER 2016 277
OCTOBER 2016 278
NOVEMBER 2016 277
DECEMBER 2016

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

CLEREMONT, SHIMLA-171004
DATED: 30th December, 2016

Press Release

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

The All-India CPI-IW for November, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) 0.36 per cent between October and November, 2016 when compared with the increase of (+) 0.37 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 (-) 1.33 percentage points to the total change. At item level, Rice, Arhar Dal, Moong Dal, Urd Dal, Groundnut Oil, Chillies Green, Banana, Brinjal, Cabbage, Cauliflower, French Beans, Gourd, Green Coriander Leaves, Lady’s Finger, Methi, Palak, Potato, Radish, Tomato, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Wheat Atta, Gram Dal, Goat Meat, Tea (Readymade), Cooking Gas, Electricity Charges, Petrol, Toilet Soap, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 2.59 per cent for November, 2016 as compared to 3.35 per cent for the previous month and 6.72 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 per cent against 2.99 per cent of the previous month and 7.86 per cent during the corresponding month of the previous year.

At centre level, Salem reported the maximum decrease of 10 points followed by Bokaro (9 points), Raniganj and Kolkata (6 points each) and Ahmedabad (5 points). Among others, 4 points decrease was observed in 2 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 15 centres. On the contrary, Jaipur recorded a maximum increase of 6 points followed by Rourkela and Srinagar (3 points each). Among others, 2 points increase was observed in 5 centres and 1 point in 7 centres. Rest of the 25 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and other 40 centres’ indices are below national average. The index of Jabalpur, Vishakhapathnam and Ludhiana centres remained at par with All-India Index.

The next issue of CPI-IW for the month of December, 2016 will be released on Tuesday, 31st January, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.

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Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and combined for the Month of October 2015

Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and combined for the Month of October 2015

This Press Release is embargoed against publication,
telecast or circulation on internet till 5.30 pm today i.e. 12th
November 2015
.

 

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

2. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of October 2015. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for October 2015. Inflation rates (on point to point basis i.e. October, 2015 over October 2014), based on General Indices and CFPIs are given as follows:

Inflation rates based on CPI (General) and CFPI

Indices

October 2015 (Prov.)

September 2015 (Final)

October 2014 (Final)

Rural

Urban

Combd.

Rural

Urban

Combd.

Rural

Urban

Combd.

CPI
(General)

5.54

4.28

5.00

5.05

3.61

4.41

4.76

4.47

4.62

CFPI

5.18

5.47

5.25

4.05

3.45

3.88

3.98

3.36

3.88

Note: Prov. – Provisional, Combd. – Combined

3. Provisional indices for the month of October 2015 and also the final indices for September 2015 are being released with this note for all-India and for State/UTs. All-India provisional General (all- groups), Group and Sub-group level CPI and CFPI numbers for October, 2015 for Rural, Urban and Combined are given in Annexure I. The General Indices (Provisional) for the month of October 2015 for Rural, Urban and Combined are 127.7, 124.2 and 126.1 respectively. The CFPI for Rural, Urban and Combined for the same month are 132.0, 133.1 and 132.4 respectively. The inflation rates of important categories of items are given in Annexure II.

4. State/UT-wise General provisional CPI numbers for Rural, Urban and Combined are given in Annexure III. Inflation rates of major States, having population more than 50 lakhs as per population Census 2011, are given in Annexure IV. State/UT–wise Group CPIs are available on the Ministry’s website (www.mospi.gov.in).

5. Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals, maintained by the National Informatics Centre.

Next date of release: 14th December 2015 (Monday) for November 2015

Annexure I

All
India Consumer Price Indices 

(Base:2012=100)

Group Code

Sub-group Code

Description

Rural

Urban

Combined

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

1.1.01

Cereals and products

12.35

125.1

125.6

6.59

123.4

123.6

9.67

124.6

125.0

1.1.02

Meat and fish

4.38

131.1

130.7

2.73

129.0

128.6

3.61

130.4

130.0

1.1.03

Egg

0.49

120.7

120.7

0.36

115.6

115.9

0.43

118.7

118.8

1.1.04

Milk and products

7.72

129.2

129.4

5.33

128.3

128.5

6.61

128.9

129.1

1.1.05

Oils and fats

4.21

114.7

115.7

2.81

107.0

109.0

3.56

111.9

113.2

1.1.06

Fruits

2.88

132.3

133.1

2.90

124.0

124.1

2.89

128.4

128.9

1.1.07

Vegetables

7.46

158.9

157.9

4.41

168.5

165.8

6.04

162.2

160.6

1.1.08

Pulses and products

2.95

142.1

153.9

1.73

165.4

187.2

2.38

150.0

165.1

1.1.09

Sugar and Confectionery

1.70

92.5

93.7

0.97

86.3

89.4

1.36

90.4

92.3

1.1.10

Spices

3.11

125.4

126.6

1.79

134.4

135.8

2.50

128.4

129.7

1.2.11

Non-alcoholic beverages

1.37

121.9

122.3

1.13

119.1

119.4

1.26

120.7

121.1

1.1.12

Prepared meals, snacks, sweets
etc.

5.56

132.7

133.0

5.54

132.3

132.9

5.55

132.5

133.0

1

Food and beverages

54.18

131.0

131.8

36.29

131.5

132.6

45.86

131.2

132.1

2

Pan, tobacco and intoxicants

3.26

131.0

131.6

1.36

134.7

135.3

2.38

132.0

132.6

3.1.01

Clothing

6.32

130.4

131.0

4.72

124.0

124.4

5.58

127.9

128.4

3.1.02

Footwear

1.04

126.8

127.2

0.85

118.6

118.8

0.95

123.4

123.7

3

Clothing and footwear

7.36

129.9

130.5

5.57

123.2

123.6

6.53

127.2

127.8

4

Housing

-

-

-

21.67

121.6

122.4

10.07

121.6

122.4

5

Fuel and light

7.94

123.7

124.4

5.58

115.1

114.9

6.84

120.4

120.8

6.1.01

Household goods and services

3.75

124.5

125.1

3.87

120.4

120.7

3.80

122.6

123.0

6.1.02

Health

6.83

121.4

122.0

4.81

117.1

117.7

5.89

119.8

120.4

6.1.03

Transport and communication

7.60

113.8

113.7

9.73

109.1

109.3

8.59

111.3

111.4

6.1.04

Recreation and amusement

1.37

119.6

120.1

2.04

117.3

117.7

1.68

118.3

118.7

6.1.05

Education

3.46

124.5

125.1

5.62

126.5

126.5

4.46

125.7

125.9

6.1.06

Personal care and effects

4.25

113.7

114.3

3.47

112.9

113.5

3.89

113.4

114.0

6

Miscellaneous

27.26

118.8

119.2

29.53

116.2

116.5

28.32

117.5

117.9

General Index (All Groups)

100.00

127.0

127.7

100.00

123.5

124.2

100.00

125.4

126.1

Consumer Food Price Index

47.25

131.0

132.0

29.62

131.8

133.1

39.06

131.3

132.4

Note:

1. Prov. : Provisional

2. : CPI (Rural) for housing is not compiled.

3. The weights are indicative to show relative importance of groups and sub-groups. However, all India indices have been compiled as weighted average of State indices.

Annexure
II

All
India annual inflation rates (%) for October 2015 (Provisional)

Group Code

Sub-group Code

Description

Rural

Urban

Combined

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

1.1.01

Cereals
and products

122.6

125.6

2.45

124.6

123.6

-0.80

123.2

125.0

1.46

1.1.02

Meat
and fish

122.5

130.7

6.69

126.1

128.6

1.98

123.8

130.0

5.01

1.1.03

Egg

118.3

120.7

2.03

117.8

115.9

-1.61

118.1

118.8

0.59

1.1.04

Milk
and products

123.2

129.4

5.03

123.1

128.5

4.39

123.2

129.1

4.79

1.1.05

Oils
and fats

110.5

115.7

4.71

103.5

109.0

5.31

107.9

113.2

4.91

1.1.06

Fruits

128.9

133.1

3.26

123.5

124.1

0.49

126.4

128.9

1.98

1.1.07

Vegetables

155.3

157.9

1.67

159.6

165.8

3.88

156.8

160.6

2.42

1.1.08

Pulses
and products

115.5

153.9

33.25

117.4

187.2

59.45

116.1

165.1

42.20

1.1.09

Sugar
and Confectionery

104.0

93.7

-9.90

101.2

89.4

-11.66

103.1

92.3

-10.48

1.1.10

Spices

115.3

126.6

9.80

123.8

135.8

9.69

118.1

129.7

9.82*

1.2.11

Non-alcoholic
beverages

116.8

122.3

4.71

115.2

119.4

3.65

116.1

121.1

4.31

1.1.12

Prepared
meals, snacks, sweets etc.

123.2

133.0

7.95

125.9

132.9

5.56

124.5

133.0

6.83

1

Food
and beverages

125.1

131.8

5.36

125.8

132.6

5.41

125.4

132.1

5.34#

2

Pan,
tobacco and intoxicants

120.0

131.6

9.67

124.3

135.3

8.85

121.1

132.6

9.50

3.1.01

Clothing

122.7

131.0

6.76

119.6

124.4

4.01

121.5

128.4

5.68

3.1.02

Footwear

120.3

127.2

5.74

114.9

118.8

3.39

118.1

123.7

4.74

3

Clothing
and footwear

122.3

130.5

6.70

118.9

123.6

3.95

121.0

127.8

5.62

4

Housing

-

-

-

116.7

122.4

4.88

116.7

122.4

4.88

5

Fuel
and light

116.4

124.4

6.87

112.0

114.9

2.59

114.7

120.8

5.32

6.1.01

Household
goods and services

117.5

125.1

6.47

115.8

120.7

4.23

116.7

123.0

5.40

6.1.02

Health

115.3

122.0

5.81

112.6

117.7

4.53

114.3

120.4

5.34

6.1.03

Transport
and communication

112.6

113.7

0.98

111.0

109.3

-1.53

111.8

111.4

-0.36

6.1.04

Recreation
and amusement

113.0

120.1

6.28

113.6

117.7

3.61

113.3

118.7

4.77

6.1.05

Education

116.9

125.1

7.01

120.2

126.5

5.24

118.8

125.9

5.98

6.1.06

Personal
care and effects

109.3

114.3

4.57

110.1

113.5

3.09

109.6

114.0

4.01

6

Miscellaneous

114.0

119.2

4.56

113.7

116.5

2.46

113.9

117.9

3.51

General
Index (All Groups)

121.0

127.7

5.54

119.1

124.2

4.28

120.1

126.1

5.00

Consumer
Food Price Index

125.5

132.0

5.18

126.2

133.1

5.47

125.8

132.4

5.25

Note:

1.Prov. : Provisional

2. CPI (Rural) for housing is not compiled.

3.* More than those of Rural as well as Urban due to rounding.

4.# Less than those of Rural as well as Urban due to rounding.

Annexure  III

State/UT
wise General Consumer Price Indices

(Base 2012=100)

State/UT Code

Name of the State/UT

Rural

Urban

Combined

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

Weights

Sep. 15 Index

(Final)

Oct. 15 Index

(Prov.)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

01

Jammu & Kashmir

1.14

124.5

125.6

0.72

122.4

123.0

0.94

123.8

124.7

02

Himachal Pradesh

1.03

127.7

127.8

0.26

119.0

118.9

0.67

126.1

126.2

03

Punjab

3.31

123.3

123.7

3.09

122.8

123.1

3.21

123.1

123.4

04

Chandigarh

0.02

130.6

132.7

0.34

120.5

120.9

0.17

121.1

121.6

05

Uttarakhand

1.06

123.3

123.8

0.73

117.9

118.9

0.91

121.3

122.0

06

Haryana

3.30

124.1

124.7

3.35

120.9

121.1

3.32

122.6

123.0

07

Delhi

0.28

124.6

124.2

5.64

125.0

125.1

2.77

125.0

125.1

08

Rajasthan

6.63

127.6

128.7

4.23

123.7

125.1

5.51

126.2

127.4

09

Uttar Pradesh

14.83

125.5

126.4

9.54

124.4

125.2

12.37

125.1

126.0

10

Bihar

8.21

131.6

131.6

1.62

125.1

125.8

5.14

130.7

130.8

11

Sikkim

0.06

124.3

125.7

0.03

127.3

127.1

0.05

125.3

126.2

12

Arunachal Pradesh

0.14

132.1

132.1

0.06

0.10

13

Nagaland

0.14

133.2

134.5

0.12

123.4

124.3

0.13

129.0

130.2

14

Manipur

0.23

115.6

115.7

0.12

120.9

120.7

0.18

117.3

117.3

15

Mizoram

0.07

129.6

128.5

0.13

121.8

123.2

0.10

124.8

125.3

16

Tripura

0.35

132.4

133.2

0.14

132.2

134.2

0.25

132.3

133.5

17

Meghalaya

0.28

139.0

140.3

0.15

121.9

122.6

0.22

133.7

134.8

18

Assam

2.63

126.1

126.9

0.79

124.4

125.0

1.77

125.7

126.5

19

West Bengal

6.99

126.6

126.3

7.20

123.9

124.4

7.09

125.3

125.4

20

Jharkhand

1.96

129.2

129.4

1.39

123.6

123.7

1.69

127.1

127.2

21

Odisha

2.93

130.5

132.9

1.31

123.6

124.0

2.18

128.6

130.4

22

Chhattisgarh

1.68

133.3

135.9

1.22

122.5

124.6

1.46

129.1

131.5

23

Madhya Pradesh

4.93

125.1

126.1

3.97

124.2

124.7

4.48

124.7

125.5

24

Gujarat

4.54

126.4

128.2

6.82

121.2

121.6

5.60

123.5

124.5

25

Daman & Diu

0.02

140.3

141.3

0.02

125.3

125.6

0.02

134.0

134.7

26

Dadra & Nagar Haveli

0.02

123.5

128.3

0.04

119.3

121.1

0.03

120.7

123.5

27

Maharashtra

8.25

126.3

127.2

18.86

120.1

120.9

13.18

122.2

123.0

28

Andhra Pradesh

5.40

128.9

129.9

3.64

125.8

127.0

4.58

127.8

128.8

29

Karnataka

5.09

129.8

130.0

6.81

128.8

129.4

5.89

129.3

129.7

30

Goa

0.14

133.3

133.1

0.25

120.4

121.1

0.19

125.4

125.7

31

Lakshadweep

0.01

130.4

129.9

0.01

119.0

117.1

0.01

124.6

123.4

32

Kerala

5.50

125.4

125.8

3.46

125.7

125.9

4.55

125.5

125.8

33

Tamil Nadu

5.55

125.1

126.1

9.20

125.5

126.9

7.25

125.3

126.6

34

Puducherry

0.08

141.8

133.1

0.27

130.0

125.9

0.17

133.0

127.7

35

Andaman & Nicobar Islands

0.05

127.3

132.0

0.07

118.8

120.7

0.06

123.0

126.3

36

Telangana

3.16

125.4

124.5

4.41

123.7

124.2

3.74

124.5

124.3

99

All India

100.00

127.0

127.7

100.00

123.5

124.2

100.00

125.4

126.1

Notes:

Prov. : Provisional. : indicates the receipt of price schedules is less than 80% of allocated schedules and therefore indices are not compiled.

Annexure IV

Major
State/UT wise annual inflation rates (%) for October 2015 (Provisional)

(Base 2012=100)

State/UT Code

Name of the State/UT

Rural

Urban

Combined

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

Oct. 14 Index

(Final)

Oct. 15

Index

(Prov.)

Inflation Rate

(%)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

01

Jammu & Kashmir

116.8

125.6

7.53

119.1

123.0

3.27

117.6

124.7

6.04

02

Himachal Pradesh

122.2

127.8

4.58

116.8

118.9

1.80

121.2

126.2

4.13

03

Punjab

120.0

123.7

3.08

119.2

123.1

3.27

119.6

123.4

3.18

05

Uttarakhand

119.5

123.8

3.60

114.7

118.9

3.66

117.7

122.0

3.65

06

Haryana

119.6

124.7

4.26

117.3

121.1

3.24

118.5

123.0

3.80

07

Delhi

117.4

124.2

5.79

119.0

125.1

5.13

118.9

125.1

5.21

08

Rajasthan

120.8

128.7

6.54

118.5

125.1

5.57

120.0

127.4

6.17

09

Uttar Pradesh

121.9

126.4

3.69

120.0

125.2

4.33

121.2

126.0

3.96

10

Bihar

125.4

131.6

4.94

120.7

125.8

4.23

124.7

130.8

4.89

18

Assam

121.1

126.9

4.79

121.0

125.0

3.31

121.1

126.5

4.46

19

West Bengal

121.8

126.3

3.69

120.3

124.4

3.41

121.1

125.4

3.55

20

Jharkhand

121.1

129.4

6.85

120.0

123.7

3.08

120.7

127.2

5.39

21

Odisha

124.4

132.9

6.83

119.7

124.0

3.59

123.1

130.4

5.93

22

Chhattisgarh

124.7

135.9

8.98

118.5

124.6

5.15

122.3

131.5

7.52

23

Madhya Pradesh

120.0

126.1

5.08

119.8

124.7

4.09

119.9

125.5

4.67

24

Gujarat

119.7

128.2

7.10

117.2

121.6

3.75

118.3

124.5

5.24

27

Maharashtra

118.8

127.2

7.07

116.9

120.9

3.42

117.5

123.0

4.68

28

Andhra Pradesh

119.0

129.9

9.16

119.4

127.0

6.37

119.1

128.8

8.14

29

Karnataka

119.8

130.0

8.51

123.4

129.4

4.86

121.7

129.7

6.57

32

Kerala

121.7

125.8

3.37

121.8

125.9

3.37

121.7

125.8

3.37

33

Tamil Nadu

119.5

126.1

5.52

119.4

126.9

6.28

119.4

126.6

6.03

36

Telangana

117.5

124.5

5.96

119.0

124.2

4.37

118.3

124.3

5.07

99

All India

121.0

127.7

5.54

119.1

124.2

4.28

120.1

126.1

5.00

Notes:

1.Prov. : Provisional.

PIB

Be the first to comment - What do you think?  Posted by admin - November 12, 2015 at 6:32 pm

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Expected DA from January 2016 which is crucial for 7th CPC Pay

Expected DA from January 2016 is 125% after release of AICPI (IW) for September 2015 – Estimation of Dearness Allowance applicable to Central Government Employees and Pensioners

Ministry of Labour and Employment has released All India Consumer Price Index for the month of September 2015. It has reached 266 which is two point increase over the previous month. Unlike penultimate DA Installment estimation, the pattern of Consumer Price Indices that are available for arriving at expected Dearness Allowances from January 2016 provides us precise idea on expected DA from January 2016. Hence, we thought of making a prediction analysis a bit earlier this time.

In fact, the quantum of DA with effect from 1st January 2016, is very crucial for Central Government Employees and Pensioners, as it is going to determine the DA merged Pay and increase in allowances after implementation of 7th Pay Commission.

As a first step let us list the Actual AICPI – IW which are available as on date, for estimating DA from January 2016.

Month Actual AICPI-IW
Jan-2015 254
Feb-2015 253
Mar-2015 254
Apr-2015 256
May-2015 258
Jun-2015 261
July-2015 263
Aug-2015 264
Sep-2015 266
Oct-2015 Not released
Nov-2015 Not released
Dec-2015 Not released

Out of 12 Consumer Price Indices which are required to determine DA with effect from January 2016, nine indices are already available. So, consumer price indices for remaining three months will have to be assumed.

We have taken three possible assumptions this time, such that each assumption gives different quantum of increase in DA from January 2016.

Assumption 1: (Assumption of CPI for getting least possible increase in DA from January 2016)

The least increase in DA from January 2016 will be 5% (i.e., DA from January will be 124% ). Under this assumption, DA from January 2016 will be 124% only if CPI falls below the present level of 266 in at least two of three coming months. Though Chances for this scenario coming to reality is possible but the increasing trend in consumer price index from February 2015 negates this possibility.

DA from Jan 2016= [(254+253+254+256+258+
261+263+264+266+265+
265+266)-115.76]*100/115.76
= 124 % (5% increase in DA from Jan 2016)

Assumption 2: (Assumption of CPI for getting maximum possible DA from January 2016):

DA from January 2016 is calculated to be 126%, only if CPI touches 272 from the present level of 266, at least two times in the coming three months with at least one point increase in the remaining month.  We feel that this scenario is remotely possible considering the trend of CPI, which shows only moderate inflation.

DA from Jan 2016= [(254+253+254+256+258+
261+263+264+266+267+
272+272)-115.76]*100/115.76
= 126 % (7% increase in DA from Jan 2016)

Assumption 3: (Assumption of Most Possible Consumer Indices ):

Steady increase in AICPI-IW could be found from February 2015 at the rate of one to two point increase over previous month.

Even if CPI from October 2015 to December 2015 remains at 266 , DA from January 2016 will be 125%. Considering the trend in CPI in the recent months, it could be safely presumed that indices would increase one or two points in the coming months or at least remains in the same level. In both of these cases, DA from January 2016 will be 125%.

DA from Jan 2016= [(254+253+254+256+
258+261+263+264+266+
267+272+272)-115.76]*100/115.76
= 125 % (6% increase in DA from Jan 2016)

It is apparent that Assumption 3 has got better chances out of these three assumptions. Hence we can safely bet that DA from January 2016 will be 125%.

Source: gconnect.in

Be the first to comment - What do you think?  Posted by admin - November 2, 2015 at 3:03 pm

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AICPIN for the month of April 2015

AICPIN for the month of April 2015

No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU
`CLEREMONT’, SHIMLA-171004

DATED : 29th May, 2015

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.

At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.

The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.

The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June, 2015. The same will also be available on the office website www.labourbureau.gov.in.

sd/-
(S.S.NEGI)
Director

Source: http://www.labourbureau.gov.in/Press%20Note%20English%20Apr%202015.pdf

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AICPIN For March 2015 – One Point Increased And Stands At 254

AICPIN For March 2015 – One Point Increased And Stands At 254

Just now Labour Bureau released the statistics of Consumer Price Index (Industrial Workers) for the month of March 2015 through its official portal.

The price index is just increased one point from its current of 253 and stands at 254.

G.I., Min. of Lab. & Emp., Labour Bureau, Press Release No.5/1/2015-CPI, dt, 30.4.2015

Consumer Price Index for Industrial Workers (CPI-IW) – March, 2015

The All-India CPI-IW for March, 2015 increased by 1 point and pegged at 254 (two hundred and fifty four). On 1- month percentage change, it increased by (+) 0.40 per cent between February, 2015 and March, 2015 when compared with the increase of (+) 0.42 per cent between the same two months a year ago.

The maximum upward pressure to the change in current index came from Food group contributing (+) 0.57 percentage points to the total change. At item level, Wheat, Arhar Dal, Goat Meat, Fish Fresh, Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Firewood, Doctor’s Fee, Private Tuition Fee, Petrol, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Rice, Eggs (Hen), Onion, Potato, Sugar, Electricity Charges, Flower/Flower Garlands, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 6.28 per cent for March, 2015 as compared to 6.30 per cent for the previous month and 6.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.98 per cent against 7.42 per cent of the previous month and 7.50 per cent during the corresponding month of the previous year.

At centre level, Goa and Ghaziabad reported the highest increase of 10 points each followed by Bhavnagar (7 points), Lucknow (5 points), Indore, Varanasi and Chhindwara (4 points each). Among others, 3 points increase was observed in 10 centres, 2 points in 4 centres and 1 point in 21 centres. On the contrary, Tiruchirapally centre recorded a maximum decrease of 12 points followed by Belgaum (4 points) and Doom Dooma Tinsukia (3 points). Among others, 2 points decrease was observed in 5 centres and 1 point in 10 centres. Rest of the 18 centres’ indices remained stationary.

The indices of 37 centres are above All India Index and other 39 centres’ indices are below national average. The index of Vishakhapathnam and Chhindwara centres remained at par with All-India index.

The next index of CPI-IW for the month of April, 2015 will be released on Friday, 29th May, 2015. The same will also be available on the office website www.labourbureau.gov.in.

Source: Labour Burea

Be the first to comment - What do you think?  Posted by admin - May 1, 2015 at 4:44 pm

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Central Government to release new series of CPI inflation in February

New series of Consumer Price Index from February 2015

According to the news paper report, the Central Government to release new series of CPI inflation in February…

To present a more accurate and realistic price situation, the government will release next month a new series of Consumer Price Index (CPI) with 2012 as base year for computing retail inflation rate.

The Central Statistics Office (CSO) is in the process revising the Base Year from 2010=100 to 2012=100 so that the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised. The first series (revised) would be compiled for January which will be released on February 12 and from January 2016 onwards, inflation rates would be compiled using the actual CPI of the revised series.

Besides, the government has notified a number of methodological improvements have been introduced in the revised series. Prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in the existing series.

The weight of food and beverages would be 45.86 in the new series compared to 47.58 in 2010 series for national index. The weight of fuel and light segment would be 6.84 in the new series which is 9.49 in the 2010 series. The weight of clothing and footware segment would be increased to 6.53 from 4.73.

The weight of housing will also be increased to 10.07 from 9.77. Further, the weight of pan, tobacco and intoxicants will be increased to 2.38 from 2.13 in 2010 series. Similarly the weight of miscellaneous will also be increased to 28.32 from 26.31 in the new series.

The number of priced items has been changed from 437 to 448 in rural and from 450 to 460 in urban at all India level. In the revised series, 11 new priced items have also been added, without dropping any item, in rural sector at all India level. In case of urban, 7 priced items have been dropped and 17 new priced items have been added.

Source : PTI

Be the first to comment - What do you think?  Posted by admin - January 23, 2015 at 11:20 am

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Expected DA from Jan 2015 – AICPIN for the month of September 2014

Expected DA from Jan 2015 – AICPIN for the month of September 2014

No.5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004:
Dated the 31st October, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – September, 2014

The All-India CPI-IW for September, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained stalic between August, 2014 and September, 2014 when compared with the rise of 0.42 per cent between the same two months a year ago.

The largest downward pressure to the change in current index came from Food group contributing (-) I .04 percentage points to the Lotal change. At item level, Fish Fresh, Poultry (Chicken). Chitlies Green. Ginger. Onion, Tomato, Brinal. French Beans. Lady’s Finger. Apple, Sugar, Medicine (Allopathie). Petrol. etc. are responsible for the decrease in index. However, this decrease was restricted to sore extent by Rice, Wheat Atta, Arhar Dal, Potato, Cauliflower. Tea (Readymade), Snack Saltish, Bidi, Cigarette, Electricity Charges, Cinema Charges, Toilet Soap. Tailoring charges. etc.. putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 6.30 per cent tbr September, 2014 as compared to 6.75 per cent for the previous month and 10.70 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 6.46 per cent against 7.63 per cent ot’ the previous month and 13.36 per cent during the corresponding month of the pre ious year.

At centre level, Goa reported a decrease of 10 points followed by Nagpur (5 points). Among others, 4 points fall was observed in 6 centres. 3 points in 4 centres. 2 points in 9 centres and 1 point in 19 centres. On the contrary, Tripura recorded the maximum increase of 6 points followed by Lucknow & Jalpaiguri (4 points each) and Rourkela & Rangapara-Tezpur (3 points each). Among others, 2 points rise was registered in 8 centres and 1 point in 12 centres. Rest of the 13 centres’ indices remained stationary.

The indices of 37 centres are above and other 41 centres’ indices are below national average.

The next index of CPI-1W fut the month of October, 2014 will be released on Friday, 28 November. 2014.

The sanie will also be available on the office website www.labourbureau.gov.in

sd/-
(S.S.NEGI)
Director

Source: Laobur Bureau

Be the first to comment - What do you think?  Posted by admin - October 31, 2014 at 1:02 pm

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AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

AICPIN FOR THE MONTH OF APRIL 2014 – PRESS RELEASE ISSUED BY LABOUR BUREAU

Labour Bureau,
Government of India

Press Release

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter – APRIL 2014

JANUARY 2014 237
FEBRUARY 2014 238
MARCH 2014 239
APRIL 2014 242

 

AICPIN FOR THE MONTH OF APRIL 2014 –   Press Release of CPI-IW for April, 2014:

No.5/1/2014-CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

 

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th May, 2014
Press Release

Consumer Price Index for Industrial Workers (CPI-I W) – April, 2014

The All-India CPI-1W for April, 2014 increased by 3 points and pegged at 242 (two hundred and forty two). On 1-month percentage change, it increased by 1.26 percent between March, 2014 and April, 2014 when compared with the rise of 0.89 percent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 2.53 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Moong Dal, Fish Fresh, Goat Meat, Milk (Buffalo), Vegetab’es & Fruits, Sugar, Electricity Charges, etc, are responsible for the increase in index. However, this increase was restricted to some extent by Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 7.08 percent for April, 2014 as compared to 6.70 per cent for the previous month and 10.24 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.76 per cent against 7.50 per cent of the previous month and 12.39 per cent during the corresponding month of the previous year.

At centre level, Angul-Talcher, Amer and Asansol recorded the maximum increase of 7 points cach followed by Ludhiana, Ernakulam, Kodarma, Giridih and Tiruchirapally (6 points each) and Nagpur, Ghaziabad, Rangapara-Tezpur. Salem and Jabalpur (5 points each). Among others, 4 points rise was registered in 12 centres, 3 points in 16 centres, 2 poInts in 24 centres and 1 point In 8 centres. On the contrary, Munger-Jamalpur reported a decline of 4 points. Indices of remaining 4 centres observed no change.

The indices of 36 centres are above and other 41 centres are below national average. The index of Munger-Jamalpur is at par with all-India index.

The next index of CPI-1W for the month of May, 2014 will be released on Monday, 30 June, 2014. The same will also be available on the office website www,labourbureau.gov.in

sd/
(S.S.NEGI)
DIRECTOR

Source: http://labourbureau.gov.in/Press_IW_APR2014.pdf

aicpin+april+2014

Source: http://labourbureau.nic.in/MIL_APR_2014_E.pd
via: 90paisa.blogspot.in

Be the first to comment - What do you think?  Posted by admin - June 1, 2014 at 3:23 pm

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Bank D.A. for May/June/July 2014 – Reduction in CPI of 67.44 Points

Bank D.A. for May/June/July 2014 – Reduction in CPI of 67.44 Points
Dearness Allowance for Workmen and Officer Employees in banks for the month of May, June and July 2014 is payable for 650 slabs shall be 97.50%.  IBA Order:-
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR.&IR/76/D/2014-15/9323
2nd May, 2014
All Members of the Association
(Designated Officers)
Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May June & July 2014 under IX BPS/Joint Note dt. 27.4.10
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2014 are as follows:-
Jan 2014  –    5409.74
Feb 2014  –   5432.56
Mar 201 4 –  5455.39
The average CPI of the above is 5432.56. The DA paid for the quarter Feb to Apr 2014 was CPI average of 5500. Hence, there is a reduction in CPI of 67.44 Points (16 slabs).
Consequently, dearness allowance to employees is payable for 650 slabs for the period May, June & July 2014 i.e. a decrease of 16 slabs over the current level.
In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of May, June & July 2014 shall be 97.50% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.
Yours faithfully,
sd/-
K S Chauhan
Senior Vice President
Source: www.iba.org.in
[http://www.iba.org.in/Documents/DA_May_Jun_Jul_14.pdf]

Be the first to comment - What do you think?  Posted by admin - May 3, 2014 at 3:10 pm

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Statement of Srikant Kumar Jena on Consumer Price Index

Statement of Srikant Kumar Jena on Consumer Price Index

Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation

14-October-2013 17:31 IST

Statement of Srikant Kumar Jena on Consumer Price Index

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for September 2013, compiled by the Central Statistics Office. Final CPI numbers for the month of August 2013 have also been released.

All India General (all groups) CPI numbers of September 2013 for rural, urban and combined are 137.8, 134.0 and 136.2 respectively.

Provisional annual inflation rate based on all India general CPI (Combined) for September 2013 on point to point basis (September 2013 over September 2012) is 9.84%. The corresponding inflation rates (provisional) for rural and urban areas are 9.71% and 9.93% respectively. Inflation rates (final) for rural, urban and combined for August 2013 are 8.93%, 10.32% and 9.52% respectively.

Provisional annual inflation rates of September 2013 for rural, urban and combined in respect of ‘food and beverages’ are 11.48%, 11.36% and 11.44% respectively.

Source: PIB News

Be the first to comment - What do you think?  Posted by admin - November 13, 2013 at 6:15 pm

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CONSUMER PRICE INDEX: New Series for updation of Base of CPI(Industrial Workers) proposed

CONSUMER PRICE INDEX: New Series for updation of Base of CPI(Industrial Workers) proposed

Background of CPI-IW series:

The CPI-IW series on scientific lines was first introduced with base 1960=100 which was based on the results of Family Living Survey conducted in 1958-59 at 50 industrially important centres. The series was then, updated on base 1982=100 and a revision in 1999-2000 has further updated the base on 2001=100. The current series of CPI-IW  with base year 2001=100 covers 78 industrially important centers spread across the country.

Need for Base Updation:

The consumption pattern of the working class population undergoes change over a period of time and therefore, it becomes necessary that the consumption basket is updated from time to time to account for these changes and to maintain the representative character of the index. The need for frequent revision of base on account of fast changing consumption pattern of the target group has been recommended by International Labour Organisation, National Statistical Commission, National Commission on Labour and also Technical Advisory Committee on Statistics of Prices and Cost of Living. Also this recommendation was strongly reiterated by the Index Review Committee set up under the Chairmanship of Prof. Chadha which inter-alia stated that the intervening gap between the two series should not exceed 10 years. Labour Bureau accordingly, has proposed to revise the base year of the existing CPI-IW series 2001=100 to a more recent base year preferably, 2013-2014=100.

Scope and Coverage:

The current series of CPI-IW with base 2001=100 was constructed on the basis of employment data in seven sectors namely, Registered Factories, Mining, Plantations, Ports & Docks, Public Motor Transport, Electricity Generation & Distribution Establishments and Railways sector. The current series comprises of a basket of about 370 items and 289 price collection markets spread across 78 centres of the country. In the existing series, the Working Class Family Income & Expenditure Survey was conducted during 1998-99 by the NSSO and a sample size of 41040 family budget schedules and 15960 house rent schedules (i.e. about a total of 57000 schedules) were canvassed from 78 industrially important centres of the country. The price collection work was done by the Labour Bureau and the main survey work of income & expenditure data collection was conducted by NSSO.

In line with the recommendations of Index Review Committee (IRC), the possibilities of extending the  scope of the new series to two more additional sectors i.e. Handloom and Construction sectors are being considered. However, Labour Bureau expects an increase in the number of centres from existing 78 centres to around 88-95 centres approximately. Consequently, the total number of family budget enquiry schedules and house rent schedules to be canvassed would increase to 70,000 schedules approximately.

Committees:

i) Standing Tripartite Committee

The Index Review Committee (IRC) headed by Prof. G.K. Chadha recommended for constitution of a Standing Tripartite Committee (STC) of all the stakeholders.  Accordingly Ministry of Labour & Employment constituted a Standing Tripartite Committee (STC) vide order No. Y-12011/5/2010-ESA(LB), dated 12th January, 2011.

The Terms of Reference of the STC formed are as follows:

The Standing Tripartite Committee will

{i}       examine the various aspects of the base year revision of Consumer Price Index Number Series for Industrial Workers {CPI-IW} including the selection of Centres, sample size, sampling design, methodology for deriving the weighting diagram and linking factor;

{ii}      examine the method of price collection procedures and machinery of price collection;

{iii}     examine the centre specific weighting diagrams for all the centres, selection of base year, compilation of base year prices, trial indices; and

{iv}     consider any other relevant issue{s}/matter as may be necessary.

Secretarial assistance to the Standing Tripartite Committee will be provided by the Labour Bureau, Ministry of Labour.  The Committee may also enlist the assistance of subject matter experts within and/or outside the Government and may co-opt members according to necessity.

Source- http://labourbureau.nic.in/

Be the first to comment - What do you think?  Posted by admin - August 18, 2013 at 8:21 am

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Statement of Srikant Kumar Jena on Consumer Price Index, December 2012

Statement of Srikant Kumar Jena on Consumer Price Index, December 2012 
Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for December 2012, compiled by the Central Statistics Office. Final CPI for the month of November 2012 have also been released.
All India General (all groups) CPI numbers of December 2012 for rural, urban and combined are 126.8, 124.0 and 125.6 respectively.
Annual inflation rate based on all India general CPI (Combined) for December 2012 on point to point basis (December 2012 over December 2011) is 10.56 %. The corresponding inflation rates (provisional) for rural and urban areas are 10.74 % and 10.42 % respectively. Inflation rates (final) for rural, urban and combined for November 2012 are 9.97 %, 9.69 % and 9.90% respectively.
Provisional annual inflation rates of December 2012 for rural, urban and combined in respect of ‘food and beverages’ are 13.09%, 13.03% and 13.04% respectively.
Source: PIB

Be the first to comment - What do you think?  Posted by admin - January 16, 2013 at 4:01 pm

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GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation

Press Information Bureau
Government of India
Ministry of Finance
06-December-2012 18:59 IST
GAP between WPI and CPI; Government and RBI takes Several Measures to Contain Inflation
Year-on-year inflation in October, 2012 measured in terms of Wholesale Price Index (WPI) and the Consumer Price Index (CPI) (New series) was 7.45 per cent and 9.75 per cent, respectively. The details of the level of WPI and CPI (NS) and the rate of inflation are indicated below.
Table: Comparative weights, base, indices and inflation of WPI and CPI
Composition of Indices Index Inflation (%)
Wholesale Price Index (Base: 2004-05=100)
General and group Weight Oct. 11 Oct. 12 Y-o-Y
Headline WPI 100.00 157.0 168.7 7.45
Food 24.31 179.8 193.7 7.73
Non-food 75.69 149.7 160.7 7.35
Consumer Price Index for new series (base: 2010=100)
CPI-NS General (all India) 100.00 113.8 124.9 9.75
Food 47.58 113.7 126.7 11.45
Non-food 52.42 113.9 123.3 8.22
Note: the figures are provisional for October 2012 in case of WPI and CPI-NS
Variation in the level of index and inflation in these two indices is due to difference in base year, commodity composition and weights.
Inflation measured in terms of both these indices currently is above the comfort level of Government and Reserve Bank of India. Government and Reserve Bank of India have been conscious of the need to contain inflation. Measures taken in this regard are given at Anenxure-I.
Annexure-I
Measures taken to contain inflation
1.     Fiscal and Administrative measures
Reduced import duties to zero-for wheat, onion, pulses, crude palmolein and to 7.5% for refined and hydrogenated oils and vegetable oils.
Duty-free import of white and raw sugar was extended upto 30/6/2012; presently the import duty has been kept at 10%.
Ban on export of onion was imposed for short period of time whenever required. Exports of onion were calibrated through the mechanism of Minimum Export Prices (MEP).
Maintained the Central Issue Price (CIP) for rice (at Rs. 5.65/kg for BPL and Rs. 3/kg for AAY) and wheat (at Rs. 4.15/kg for BPL and Rs. 2/kg for AAY) since 2002. Effective prices for BPL families in 2012-13 are 23.4% and 22.8% of the economic cost of rice and wheat respectively.
Suspended futures trading in rice, urad, tur, guar gum and guar seed.
Banned export of edible oils (except coconut oil and forest based oil) and edible oils in blended consumer packs upto 5 kg with a capacity of 20,000 tonnes per annum and pulses (except Kabuli chana and organic pulses and lentils upto a maximum of 10,000 tonnes per annum)
Imposed stock limits from time to time in the case of select essential commodities such as pulses, edible oil, and edible oilseed and in the case of paddy and rice for specific seven states upto 30.11.2012.
To ensure adequate availability of sugar for the households covered under TPDS, the levy obligation on sugar factories was resorted to 10% for sugar season 2011-12.
Government allocated rice and wheat under OMSS scheme.
Off take of wheat and rice continued to be maintained to ensure adequate availability of food grains. Overall off-take of wheat and rice was 53.0 million tonnes in 2010-11 and 56.4 million tonnes in 2011-12. In first five months of the current fiscal year 24.0 million tonnes has already been distributed.
Resumed the scheme for subsidized imported pulses through PDS in a varied form with the nomenclature “Scheme for Supply of Imported Pulses at Subsidized rates to States/UTs for Distribution under PDS to BPL card holders” with a subsidy element of Rs. 20/- per kg to be paid to the designated importing agencies upto a maximum number of BPL card holders for the residual part of the current year and extended the scheme for subsidized imported edible oils w.e.f. 1.10.2012 to 30.9.2013 with subsidy of Rs. 15/- per kg for import of upto 10 lakh tonnes of edible oils for this period.
2. Budgetary and other measures
A number of measures have been announced in Unino Budget 2012-13 to augment supply and improve storage and warehousing facilities. Government had launched a National Mission for Protein supplements in 2011-12 with allocation of Rs. 300 crore. To broaden the scope of production of fish to coastal aquaculture, apart from fresh water aquaculture, the outlay 2012-13 is being stepped up to Rs. 500 crore. Recently, Government has permitted Foreign Direct Investment (FDI) in multi-brand retail trading. This will help consumers and farmers by improving the sell and purchase facilities.
3. Monetary measures
The Reserve Bank of India (RBI) had also taken suitable steps to contain inflation with 13 consecutive increase by 375 bps in policy rates from March 2010 to October 2011.
However, to increase liquidity, it reduced CRR (from 6% to 4.25%) and SLR (from 25% to 23%). With moderation in inflation, repo rate was also reduced by 50 basis points in April 2012 to bring it to 8.00 per cent.
This was stated by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.
PIB

Be the first to comment - What do you think?  Posted by admin - December 10, 2012 at 9:15 am

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Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

The All-India CPI-IW rose by 2 points in August, 2012 and pegged at 214 (two hundred and fourteen). On 1-month percentage change, it increased by 0.94 per cent between July and August compared with 0.52 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from food prices which rose by 1.24 per cent, contributing 1.31 percentage points to the total change. At item level, largest upward pressure came from Sugar, Arhar Dal, Wheat & Wheat Atta, Rice, Potato, Mustard & Groundnut Oil, Milk Buffalo, Banana, Goat Meat, Onion, Medicine (Allopathic) and Private Tuition Fee.

The largest downward contribution to the change in current index came from Vegetables and Fruits with a decline of 2.72 per cent, contributing (-) 0.42 percentage points to the total change. The main downward pressure came from Tomato, Fish Fresh, Chillies Green, Cabbage & Lady’s Finger.

The year-on-year inflation measured by monthly CPI-IW stood at 10.31 per cent for August, 2012 (over August, 2011) as compared to 9.84 per cent for the previous month and 8.99 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 12.20 per cent against 11.27 per cent of the previous month and 7.33 per cent during the corresponding month of the previous year.

At centre level, largest increase of 9 points has been recorded in Giridih followed by Ludhiana (8 points), Asansol and Rourkela (7 points each) and Bhopal and Chhindwara (6 points each). Among others, 4 centres have recorded rise of 5 points followed by 4 points in 8 centres, 3 points in 13 centres, 2 points in 10 centres and 1 point in 15 centres. Mysore centre reported a decline of 6 points followed by Bengluru centre with 5 points, Guwahati with 2 points and 7 centres registered a fall of 1 point each. Rest of the 12 centre’s indices remained stationary.

The indices of 39 centres are above All-India Index and 37 centre’s indices are lower than national average. Two centres viz. Vijaywada and Tiruchirapally are at par with all-India index.

The next index of CPI-IW for the month of September, 2012 will be released on Wednesday, October 31, 2012.

Source: PIB

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