AICPIN(IW)BASE 2016=100 FOR FEBRUARY 2021

[PM]

AICPIN(IW) Base 2016=100 FOR THE MONTH OF FEBRUARY 2021

 

Dear Friends,   

                 

As per release made today  by  Labour Bureau,Ministry of Labour and Employment,the All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2016=100 for the month of FEBRUARY 2021,  stood at 119.00 points with  an increase   of 0.80 points while compared to January 2021 figure.

                          Base Year

MONTH          2016=100     1960=100

JAN ‘21           118.20        7770.30

FEB ‘21            119.00        7822.89

As per Labour Bureau “The maximum upward pressure in current index came from Fuel & Light group contributing 0.31 percentage points to the total change. It was further supplemented by Miscellaneous and Food & Beverages groups contributing 0.23 and 0.21 percentage points respectively to total rise. At item level, Milk, Mustard Oil, Soyabean Oil, Sunflower Oil, Apple, Mango, Orange, Lady Finger, Onion, Parval, Served & Processed Packaged Food, Cooking Gas, Barber Charges, Petrol, etc. are responsible for the rise in index. However, this increase was checked by items like Rice, Potato, Tomato, Eggs-Hen, Cabbage, Ginger, etc. putting downward pressure on the index.”

[Metlapalli Sharma]

Dear PM

namaste. Please can you explain the conversion factor from base 1960 to2016. 

thank you.

sarma

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[Ashok Shrikhande]

It is 2.88

Regards

Ashok Shrikhande

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[mohan p]

Dear Sharmaji,

The conversion factor to 1960 AICPIN(IW) from present 2016 Base Year index number  is as follows:

2.88x4.63x4.93

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[AJIT SINGH]

For 2001 base = 100 is 2.88

For 1980 base = 100 is 4.93

For 1969 base = 100 is 4.63

For example Feb. 2021 =

119*2.88*4.93*4.63= 7822.89

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[Metlapalli Sharma]

thank you.sir.

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