AICPIN Dec 2022: 4% DA hike from Jan 2023?

AICPIN Dec 2022: 4% DA hike from Jan 2023?

Consumer Price Index for Industrial Workers for December, 2022

The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month.

The All-India CPI-IW for December, 2022 decreased by 0.2 points and stood at 132.3 (one thirty two point three) points. On 1-month percentage change, it decreased by 0.15 per cent with respect to previous month compared to decrease of 0.24 per cent recorded between corresponding months a year ago.

The maximum downward pressure in current index came from Food & Beverages group contributing 0.52 percentage points to the total change. At item level, Cabbage, Cauliflower, Brinjal, Carrot, Onion, Potato, Tomato, Peas, Garlic, Chilies Green, Apple, Orange, Sunflower Oil, Vanaspati Oil and Poultry/Chicken etc. are responsible for the fall in index. However, this decrease was checked by Rice, Wheat Atta, Wheat, Cow Milk, Fish Fresh, Egg-Hen, Drum stick, Chilies Dry, Cumin Seed/Jira, Turmeric, Tea Leaf, Cooked Meals, ESI Contribution, Medicine Allopathic and Tuition and other fees school/ITI etc. putting upward pressure on the index.

Also Read: AICPIN for Nov 2022

At centre level, Lucknow and Nasik recorded a maximum decrease of 1.9 points each. Among others, 19 centres recorded decrease between 1 to 1.8 points and 37 centres between 0.1 to 0.9 points. On the contrary, Faridabad recorded a maximum increase of 3.3 points followed by Nagpur and Tiruneveli with 3.0 and 2.4 points respectively. Among others, 4 centres recorded increase between 1 to 1.7 points and 21 centres between 0.1 to 0.9 points. Rest of 2 centres’ indices remained stationary.

Year-on-year inflation for the month stood at 5.50 per cent compared to 5.41 per cent for the previous month and 5.56 per cent during the corresponding month a year before. Similarly, Food inflation stood at 4.10 per cent against 4.30 per cent of the previous month and 5.93 per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for November, 2022 and December, 2022

CPI-IW: Groups Indices

The next issue of CPI-IW for the month of January, 2023 will be released on Tuesday, 28th February, 2023. The same will also be available on the office website www.labourbureaunew.gov.in.

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