AICPIN -Consumer Price Index for Industrial Workers (CPI-IW) – January, 2013
As it was almost confirmed that expected dearness allowance from January 2013 will be 80% and only issuing Government order for releasing additional installment of Dearness Allowance from January 2013 is awaited, here after our focus will obviously be on expected dearness allowance from July 2013. All the Central Government employees have nothing to say about government decision on not to increase the Income Tax exemption limit. But it seems all of them were upset with this, as almost all of them will fall under 2lakh to 5lakh income bracket. Now their only hope and expectation to increase the take home pay will be on Dearness Allowance from July 2013. The AICPIN for Industrial Workers for the coming six months from January 2013 to June 2013 will decide the amount of increase in DA from July 2013. So it is quite obvious that the central government employees are very much interested to know the status of AICPIN – IW every month. The AICPIN for January 2013 rose by 2 points and pegged at 221 points
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
The All-India CPI-IW for January, 2013 rose by 2 points and pegged at 221 (two hundred and twenty one). On 1-month percentage change, it increased by 0.91 per cent between December and January compared with 0.51 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came from Housing Group which increased by 3.53 per cent, contributing 1.28 percentage points to the total change. This was followed by Miscellaneous and Food groups with 0.74 and 0.26 per cent increase respectively contributing 0.32 and 0.28 percentage points to the change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Groundnut Oil, Eggs (Hen), Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Readymade), Firewood, Auto Rickshaw Charges, Bus Fare, Rail Fare, etc. However, this was compensated by Arhar Dal, Potato, Tomato, Other Green Vegetables, Sugar, Electricity Charges and Flower/Flower Garlands by putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 11.62 per cent for January, 2013 as compated to 11.17 per cent for the previous month and 5.32 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.08 per cent against 13.53 per cent of the previous month and 0.49 per cent during the corresponding month of the previous year.
At centre level, Durgapur recorded the largest increase of 18 points followed by Jharia (10 points), Godavarikhani (9 points), Goa and Surat (8 points each), and Chandigarh (6 points). Among others, 5 point rise was registered in 3 centres, 4 points in 6 centre, 3 points in 12 centres, 2 points in 13 centres and 1 point in 11 centres. On the contrary. Labac-Silchar and Mariani-Jorhat centres reported a decline of 2 points each. The indices of Jalandhar, Rourkela, Sholapur and Kolkata were also declined by 1 point each. Rest of the 21 centres’ indices remained stationary.
The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Mysore centre was at par with all-India index.
The next index of CPI-IW for the month of February, 2013 will be released on Thursday, 28 March, 2013. The same will also be available on the office website www.labourbureau.nic.in.