All India Consumer Price Index Numbers for Industrial Workers (AICPIN) for the month of April 2020 increased 3 Points and stood at 329. This increase will give upward pressure in the calculation of DA from July 2020
As we said in the previous Post , the AICPIN for coming months will have considerable increase. Since AICPIN for April 2020 increased 3 Points, there is some possibilities for the DA to increase by 4% Level. If AICPIN increases by 3 Points for the next two months, then the DA from July 2020 will increase by 4%. See the DA Calculator
Ministry of Labour & Employment
Consumer Price Index for Industrial Workers (CPI-IW) – April, 2020
The All-India CPI-IW for April, 2020 increased by 3 points and stood at 329 (three hundred and twenty nine). On 1-month percentage change, it increased by (+) 0.92 per cent between March and April, 2020 compared to (+) 0.97 per cent increase between corresponding months of previous year.
The maximum upward pressure in current index came from Food group contributing (+) 2.43 percentage points to the total change. At item level, Rice, Wheat, Wheat Atta, Arhar Dal, Moong Dal, Mustard Oil, Fish Fresh, Goat Meat, Poultry (Chicken), Brinjal, Cabbage, Cauliflower, French Bean, Green Coriander Leaves, Lady’s Finger, Palak, Potato, Radish, Tomato, Banana, Lemon, Mango (Ripe), Sugar, Cooking Gas, etc. are responsible for the increase in index. However, this increase was checked by Garlic, Onion, Parval, Petrol, Flowers/Flower Garlands, etc., putting downward pressure on the index.
Year-on-year inflation based on all-items stood at 5.45 per cent for April, 2020 as compared to 5.50 per cent for the previous month and 8.33 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 6.56 per cent against 6.67 per cent of the previous month and 4.92 per cent during the corresponding month an year ago.
At centre level, Doom-Dooma Tinsukia recorded the maximum increase of 14 points followed by Salem (12 points) and Surat (10 points). Among others, 9 points increase was observed in 2 centres, 8 points in another 2 centres, 7 points in 3 centres, 6 points in 2 centres, 5 points in 5 centres, 4 points in another 5 centres, 3 points in 11 centres, 2 points in 10 centres and 1 point in 18 centres. On the contrary, Chhindwara, Vadodara, Bhilai, Yamunanagar and Jamshedpur recorded a decrease of 1 point each. Rest of 12 centres’ indices remained stationary.
The indices of 33 centres are above All-India Index and 44 centres’ indices are below national average. The index of Rourkela centre remained at par with All-India Index.
The next issue of CPI-IW for the month of May, 2020 will be released on Tuesday 30th June, 2020. The same will also be available on the Labour Bureau website.