Consumer Price Index for Industrial Workers (2016=100) – February, 2021 Key Points All-India Consumer Price Index for Industrial Workers (2016=100) for February, 2021 increased to 119.0 points compared to 118.2 points for January, 2021. In percentage terms, it went up by 0.68% w.r.t. previous month mainly due to Food & Beverages, Fuel & Light and Miscellaneous groups. […]
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All India Consumer Price Index Number (AICPIN)
Consumer Price Index for Industrial Workers (2016=100) –January, 2021 depicts downward trend Gangwar says, fall in inflation will improve purchasing power of the working class All-India Consumer Price Index for Industrial Workers (2016=100) for January, 2021 decreased to 118.2 points compared to 118.8 points for December, 2020. In percentage terms, it went down by 0.51% […]
Consumer Price Index for Industrial Workers (2016=100) – December, 2020 All-India CPI for Industrial Workers (2016=100) for December, 2020 decreased to 118.8 points compared to 119.9 points for November, 2020. In percentage terms, it went down by 0.92% w.r.t. previous month mainly due to Food group items having a share of 39.17% in the total […]
The All-India CPI-IW for November, 2020 increased by 0.4 points and stood at 119.9 (one hundred nineteen and point nine). On 1-month percentage change, it increased by (+) 0.33 % between October and November, 2020 compared to (+) 0.92 % increase between corresponding months of previous year
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for October, 2020 increased by 1.4 points and stood at 119.5 (one hundred nineteen and point five).
The base year of price index numbers will be revised at frequent intervals, generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers. It is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in fixation and revision of minimum wages in scheduled employments besides measuring the inflation in retail prices. The new index will assign more weight to spend on services such as education, healthcare, housing, travel and transportation, as spending on these items have gone up, as compared to primary items such as food.