AICPIN for April, 2015
No. 5/1/2015- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED : 29th May, 2015
Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015
The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six). On 1-month percentage change, it increased by (+) 0.79 per cent between March, 2015 and April, 2015 when compared with the increase of (+) 1.26 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 (+) 1.24 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Urd Dal, Fish Fresh, Goat Meat, Poultry (Chicken), Milk (Buffalo & Cow), Vegetable & Fruit items, Tea (Readymade), Snack (Sweet & Saltish), Country Liquor, Electricity Charges, Doctor’s Fee, Private Tuition Fee, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Eggs (Hen), Onion, Chillies Green, Sugar, Petrol, Flower/Flower Garlands, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 5.79 per cent for April, 2015 as compared to 6.28 per cent for the previous month and 7.08 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.68 per cent against 6.98 per cent of the previous month and 7.76 per cent during the corresponding month of the previous year.
At centre level, Srinagar reported the highest increase of 9 points followed by Bhilai (5 points). Among others, 4 points increase was observed in 14 centres, 3 points in 9 centres, 2 points in 14 centres and 1 point in 18 centres. On the contrary, Giridih centre recorded a maximum decrease of 6 points followed by Guntur (3 points) and Ranchi-Hatia and Godavarikhani (2 points each). Among others, 1 point decrease was observed in 8 centres. Rest of the 9 centres’ indices remained stationary.
The indices of 36 centres are above All India Index and other 42 centres’ indices are below national average.
The next index of CPI-IW for the month of May, 2015 will be released on Tuesday, 30th June, 2015. The same will also be available on the office website www.labourbureau.gov.in.
Source: Source: http://www.labourbureau.gov.in/Press%20Note%20English%20Apr%202015.pdf
WHAT WOULD BE EXPECTED DA W.E.F JULY 2015?
Additional Dearness Allowance from July 2015 is based on the fluctuation in market prices of essential commodities between the months of January and June 2015. The AICPIN Figures for April 2015 stood at 256 as against 254 in March 2015. If it continues to be at 256 for May & June 2015, the DA is expected to rise to 119% w.e.f., 01.07.2015. Presently DA is 113%.
There are chances that 6% hike in Dearness Allowance w.e.f. July will take place considering the trends so far.
Statistics of AICPIN of the next two months will decide actual additional DA to be announced in w.e.f JULY 2015