Aicpin For The Month October 2016 - Chances for 5% DA from January 2017

 

No. 5/1/2016- CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004

DATED: 30th November, 2016

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — October, 2016

The All-India CPI-IW for October, 2016 increased by 1 point and stood at 278 (two hundred and seventy eight). On 1-month percentage change, it increased by (+) 0.36 per cent between September and October, 2016 when compared with the increase of (+) 1.13 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 (+) 1.01 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Besan, Black Gram, Gram Dal, Poultry (Chicken), Milk (Buffalo & Cow), Brinjal, Cauliflower, French Bean, Lady’s Finger, Methi, Peas, Tomato, Cooking Gas, Petrol, Toilet Soap, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was checked by Moong Dal, Urd Dal, Groundnut Oil, Fish Fresh, Apple, Banana, Potato, Electricity Charges, Soft Coke, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 3.35 per cent for October, 2016 as compared to 4.14 per cent for the previous month and 6.32 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 2.99 per cent against 4.05 per cent of the previous month and 7.50 per cent during the corresponding month of the previous year.

At centre level, Mundakkyam and Darjeeling reported the maximum increase of 8 points each followed by Jamshedpur and Amritsar (5 points each). Among others, 4 points increase was observed in 4 centres, 3 points in 8 centres, 2 points in 13 centres and 1 point in 20 centres. On the contrary, Goa recorded a maximum decrease of 7 points followed by Bhavnagar (5 points). Among others, 2 points decrease was observed in 4 centres and 1 point in 8 centres. Rest of the 15 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and other 42 centres’ indices are below national average. The index of Vishakhapathnam centre remained at par with All-India Index.

The next issue of CPI-IW for the month of November, 2016 will be released on Friday, 30th December, 2016. The same will also be available on the office website www.labourbureaunew.gov.in.