AICPIN-IW (2016=100)FOR AUGUST,2023 GOES DOWN
mohan p
FOR INFORMATION:
Dear Friends,
ALL INDIA CONSUMER PRICE INDEX NUMBER FOR INDUSTRIAL WORKERS (AICPIN-IW) 2016=100,FOR AUGUST’23.
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As per release made by Labour Bureau, Ministry of Labour and Employment,Govt. of India,today the All India Consumer Price Index Numbers,for industrial workers,for August 2023 (AICPIN-IW) 2016 = 100 stood at 139.2 points, with a decrease of 0.5 points,compared to July'23 figures as follows:
Base year 2016=100. 1960=100.
July'23 139.7. 9183.68
Aug’23. 139.2. 9150.81
Based on above two months' CPI figures and if current level is continued for Aug'23 too, DA payable to serving Bank employees may be expected to have 70 slabs increase for next quarter.
As we know, for pensioners, next half yearly DR may be arrived based on CPI numbers for Oct,Nov & Dec'23
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mohan p
Just for information:
Ministry of Labour says on decrease in AICPIN(IW) 2016=100 for August/'23 as follows;
“On 1-month percentage change, it decreased by 0.36 per cent with respect to previous month compared to increase of 0.23 per cent recorded between corresponding months a year ago."
"The maximum downward pressure in current index came from Food & Beverages group contributing 0.71 percentage point to the total change. At item level, Wheat, PoultryiChicken, Eggs-hen, Cotton Seed Oil, Apple, Brinjal, Cauliflower, Chillies Green, Ginger, Lady's Finger, Tomato, Electricity Domestic, Kerosene Oil, etc. are responsible for the faIl in index. However, this decrease was checked by Rice, Arhar Dal, Onion, Cumin Seed/Jira, Cooked Meal, Tailoring Charges, Books School/ITI, Private Tutor/Coaching Centre Fees, Tuition and other Fees-College and School/lTl, Stationery, etc. putting upward pressure on the index.”
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“Year-on-year inflation for the month stood at 6.91 per cent compared to 1.54 per cent for the previous month and 5.85 per cent during the corresponding month a year before. Similarly, Food inflation stood at 10.06 per cent against 11.87 per cent of the previous month and 6.46 per cent during the corresponding month a year ago.”
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