September AICPIN Confirms 3% DA hike from 1.1.2019
AICPIN for the Month of September 2018 remained stationary at 301 however confirms 3% DA hike from 1.1.2019. But there is a possibility that DA hike may reach 4% level as 2 points increase in the Months of October and November can not be ruled out. [ Check the Calculator ]The Press release issued for AICPIN for the Month of September 2018 is given below
All-India CPI-IW for September, 2018 – AICPIN
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
DATED: 31st October, 2018
Consumer Price Index for Industrial Workers (CPI-IW) — September, 2018
The All-India CPI-IW for September, 2018 remained stationary at 301 (three hundred and one). On 1-month percentage change, it remained static between August, 2018 and September, 2018 and it was also static between the corresponding months of previous year.
The maximum downward pressure to the change in current index came from Food group contributing (-) 0.75 percentage points to the total change. At item level, Groundnut Oil, Eggs (Hen), Fish Fresh, Poultry (Chicken), Onion, French Beans, Gourd, Lady Finger, Potato, Tomato, Apple, Coconut, Sugar, etc. are responsible for the decrease in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Cauliflower, Peas, Banana, Tea (Ready made), Electricity Charges, Doctor’s Fee, Bus Fare, Petrol, Flowers/Flower Garlands, etc., putting upward pressure on the index.
The year-on-year inflation based on CPI-IW remained stationary at 5.61 per cent between August and September, 2018 as compared to 2.89 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 0.00 per cent against (-) 0.32 per cent of the previous month and 1.30 per cent during the corresponding month of the previous year.
At centre level Puducherry reported the maximum decrease of 9 points followed by Goa (7 points). Among others, 5 points decrease was observed in 3 centres, 3 points in 4 centres, 2 points in 3 centres and 1 point in 11 centres. On the contrary, Jharia recorded a maximum increase of 6 points followed by Nagpur (5 points). Among others, 4 points increase was observed in 2 centres, 3 points in 2 centres, 2 points in 11 centres and 1 point in 14 centres. Rest of the 24 centres’ indices remained stationary.
The indices of 37 centres are above All-India Index and 41 centres’ indices are below national average.
The next issue of CPI-IW for the month of October, 2018 will be released on Friday, 30th November, 2018. The same will also be available on the office website www.labourbureaunew.gov.in
(AMRIT LAL JANGID)