Two Point Increase in consumer price index – AICPI (IW) for July 2015

Two Point Increase in consumer price index – AICPI (IW) for July 2015 – Consumer Price Index (Industrial Workers) for July 2015 released by Labour Ministry.

Labour Ministry has released the All India Consumer Price Index (Industrial Workers) for July 2015. There is two point increase in the index for July 2015.

This two point increase would be surely be impacting the Dearneass Allowance for January 2016. DA for January 2016 is very crucial for 7th Pay Commission Pay and Allowance as the same will be effective from 1st January 2016.

Dearness Allowance with effect from July 2015 is already confirmed to be 119%..

Click here to read: Eligible DA from July 2015 is 119% – All India Consumer Price Index for June 2015 released

Press release of Labour Bureau for announcing Consumer Price Index (IW) for July 2015 is as follows

No. 5/1/2015- CPI GOVERNMENT   OF INDIA
MINISTRY   OF LABOUR  & EMPLOYMENT LABOUR  BUREAU

‘CLEREMONT’,     SHIMLA-171004
DATED:    31st August, 2015

Press  Release

Consumer   Price  Index  for Industrial    Workers   (CPI-IW)   – July,  2015

The All-India  CPI-IW for July, 2015 increased by 2 points and pegged at 263 (two  hundred  and  sixty  three).  On  l-month  percentage  change,   it  increased  by (+) 0.77 per cent between June, 2015 and July, 2015 when compared with the increase of (+) 2.44 per cent between the same two months a year ago.

The  maximum  upward  pressure  to  the  change  in  current  index  came  from Housing  group contributing  (+)  1.33 percentage points to the total  change. At item level, Wheat Atta, Arhar Dal, Mustard Oil, Onion, Garlic, Tomato, Gourd, Electricity Charges, etc. are responsible  for the increase in index. However,  this  increase was restricted   by  Rice,   Wheat,   Coconut   Oil,  Coconut,  Lemon,   Sugar,   Primary  & Secondary School Books, Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 4.37 per cent for July, 2015 as compared to 6.10 per cent for the previous month and 7.23 per cent during the corresponding month  of the previous year.  Similarly, the Food inflation stood at 3.21 per cent against 6.67 per cent of the previous month and 8.11 per cent during the corresponding month of the previous year.

At centre level, Haldia reported the highest increase of 19 points followed by Jamshedpur (15 points)  and Bhilai  (8 points). Among others, 6 points  increase was observed  in 2 centres,  5 points  in 6 centres,  4 points in 7 centres,  3 points  in  12 centres, 2 points in 14 centres and 1 point in 9 centres. On the contrary, Quilon centre recorded  a maximum  decrease  of 6 points.  Among  others,  3 points  decrease  was observed in 2 centres,  2 points in 4 centres and 1 point in 7 centres. Rest of the 11 centres’  indices remained stationary.

The indices of 34 centres  are above All India Index   and other  43 centres’ indices are below  national  average.  The index of Vishakhapathnam  is at par with All-India index.

The next index of CPI-IW for the month of August, 2015 will be released on Wednesday,  30th  September,  2015. The same will also be available  on the office website www.labourbureau.gov.in.
Source: Labour Bureau