AICPIN for the month of March 2020 is decreased by two points from the existing level of 328
The Dearness allowance calculation process with effect from 1st July 2020 is moved to the third stage with a 23.36 percentage increase.
|Month/Year||AICPIN||12 Months Total||12 Months Average||% Increase over 115.763||App. DA%|
The CPI would be more likely to increase in the coming months for manufacturing employees. The DA estimation percentage can also be big!
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 30th April, 2020
Press Release Consumer Price Index for Industrial Workers (CPI-IW) – March, 2020
The All-India CPI-IW for March, 2020 decreased by two points and stood at 326 (three hundred and twenty six). On 1-month percentage change, it went down by (-) 0.61 per cent between January and February, 2020 compared to (+) 0.65 per cent increase between corresponding months of previous year.
The maximum downward pressure to the change in current index came from Food group contributing (-) 1.28 percentage points to the total change. At item level, Onion, Garlic, Poultry Chicken, Eggs-Hen, Brinjal, Cabbage, Carrot, Drum Stick, French Bean, Potato, Tomato, Petrol, Flowers/Flower Garlands, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Grinding Charges, Moong Dal, Goat Meat, Fish Fresh, Milk-Buffalo, Pure Ghee, Tamarind, Gourd, Parval, Apple, Coconut, HOt Drink-Tea (Readymade), Cooking Gas, etc., putting upward pressure on the index.
Year-on-year inflation based on tall-items stood at 5.50 per cent for March, 2020 as compared to 6.84 per cent for the previous month and 7.67 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 6.67 per cent against 8.33 per cent of the previous month and 3.96 per cent during the corresponding month an year ago.
At centre level, Tiruchirapally, Vishakhapathnam and Salem recorded the maximum decrease of 8 points each followed by Mysore (7 points) and Bengaluru, Coimbatore and Madurai (6 points each). Among others, 5 points decrease was observed in 5 centres, 4 points in another 5 centres, 3 points in 6 centres, 2 points in 11 centres and 1 point in 10 centres. On the contrary, Rajkot, Lucknow and Kodarma recorded a maximum increase of 5 points each followed by Goa (4 points). Among others, 3 points increase was observed in 3 centres, 2 points in another 3 centres and 1 point in 5 centres. Rest of 19 centres’ indices remained stationary.
The indices of 33 centres are above All-India Index and 45 centres’ indices are below national average.
The next issue of CPI-IW for the month of April, 2020 will be released on Friday 29th May, 2020. The same will also be available on the office website www.labourbureaunew.gov.in.
(AMRIT LAL JANGID)
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