AICPIN for July increased by 5 points – What is the impact on DA from January 2018, To the surprise of many , the AICPIN for the month of July increased by 5 points. This will definitely have a positive impact on DA hike from January 2018 .
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st August, 2017
Consumer Price Index for Industrial Workers (CPI-IW) — July 2017
The All-India CPI-IW for July, 2017 increased by 5 points and pegged at 285 (two hundred and eighty five). In terms of monthly change, it increased by (+) 1.79 per cent between June, 2017 and July, 2017 when compared with the increase of (+) 1.08 per cent for the corresponding months of last year.
The maximum upward pressure to the change in current index came from Food group contributing (+) 3.12 percentage points to the total change. The House Rent index further accentuated the overall index by (+) 0.70 percentage points. At item level, Rice, Pure Ghee, Chillies (Green), Onion, Bitter Gourd, Brinjal, Gourd, Lady’s Finger, Palak, Parwal, Potato, Pumpkin, Tomato, Torai, Banana, Cucumber, Mango, Tea (Readymade), Bidi, Cooking Gas, Kerosene Oil, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Arhar Dal, Masur Dal, Urd Dal, Coconut Oil, Mustard Oil, Poultry (Chicken), Coconut, Lemon, Petrol, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 1.79 per cent for July, 2017 as compared to 1.08 per cent for the previous month and 6.46 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.32 per cent against (-) 1.28 per cent of the previous month and 9.34 per cent during the corresponding month of the previous year.
At centre level, Jamshedpur reported the maximum increase of 12 points followed by Delhi and Ranchi-Hatia (11 points each), Raniganj and Jaipur (10 points each) and Varanasi and Amritsar (9 points each). Among others, 8 points increase was observed in 2 centres, 7 points in 7 centres, 6 points in 7 centres, 5 points in 11 centres, 4 points in 10 centres, 3 points in 13 centres, 2 points in 9 centres and 1 point in 5 centres. On the contrary, Goa recorded a decrease of 1 point. Rest of the 6 centres’ indices remained stationary.
The indices of 34 centres are above All-India Index and 42 centres’ indices are below national average. The indices of Amritsar and Lucknow centres remained at par with All-India Index.
The next issue of CPI-IW for the month of August, 2017 will be released on Friday, 29th September, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.
(SHYAM SINGH NEGI)
DEPUTY DIRECTOR GENERAL