AICPIN for the Month of July 2014
No. 5/1/2014- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
‘CLEREMONT’, SHIMLA-17 1004
DATED: the 29th August, 2014
Consumer Price index for industrial Workers (CPI-IW) – July, 2014
The All-India CPI-1W for July 2014 increased by 6 poins and pegged at 252 (two hundred and fifty two). On 1-month percentage change, it increased by 2.44 percent between June, 2014 and July, 2014 when compared with the rise of 1.73 per cent between the same two months a year ago.
The largest upward pressure to the change in current index came from Food group contributing 4.42 percentage points to the total change. The House Rent index further accentuated the overall index by 1.08 percentage points. At item level, Rice, Eggs, Milk, Onion. Chillies Green, Tomato, Potato and other Vegetables & Fruits, Sugar, Tea (Readymade), Pan Finished, Doctors’ Fee, College Fee, Petrol, Rail Fare, etc. arc responsible for the increase in index. However, this increase was restricted to some extent by Wheat, Soft Coke, Medicine (Allopathic) etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-1W stood at 7.23 per cent for July, 2014 as compared to 6.49 per cent for thc previous month and 10.85 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.11 per cent against 5.88 per cent of the previous month and 14.10 per cent during the corresponding month of the previous year.
At Centre level, Nagpur recorded the maximum increase of ¡2 points followed by Ludhiana (10 points). Among others, 9 points rise was observed in 7 centres, 8 points in 3 centres, 7 points in 9 centres, 6 points in 23 centres, 5 points in 14 centres, 4 points in 10 centres, 3 points in 4 centres, 2 points in 4 centres and 1point in 2 centres.
The indices of 35 centres are above and other 41 centres are below national average. The indices of Ernakulam and Varanasi are at par with all-India index.
The next index of CPI-IW for the month of August 2014 will be released on Tuesday, 30th September. 2014. The same will also be available on the office website www. labourbureau.gov. in.
Govt to increase dearness allowance to 107%, up from 100%
Government is likely to approve a hike in dearness allowance (DA) to 107 per cent from the existing 100 per cent, benefiting around 30 lakh central employees and 50 lakh pensioners including dependents.
“The average rate of retail inflation for industrial workers from July 1, 2013 to June 30, 2014 works out to be 7.25 per cent. Thus the central government will hike dearness allowance for it employees by 7 per cent,” an official said.
He said the finance ministry will now put a Cabinet proposal for approval of 7 per cent DA hikefrom July 1 this year as the revised Consumer Price Index-Industrial Workers data for June was released by labour ministry on Saturday.