Showing posts with label INDEX NUMBERS. Show all posts
Showing posts with label INDEX NUMBERS. Show all posts

Tuesday, March 19, 2013

Consumer Price Index Numbers for Industrial Workers


Consumer Price Index Numbers for Industrial Workers
"Consumer Price Index Numbers for Industrial Workers on base 2001=100 are being compiled and maintained by Labour Bureau, Ministry of Labour & Employment in respect of All-India and 78 constituent centres. The All-India Index for CPI-IW is a weighted average index of centres’ indices. These indices are compiled on monthly basis and are released on the last working day of the succeeding month".


CPI for Industrial Workers

The Labour Bureau compiles and maintains segment specific three different series of Index numbers viz. (i). Consumer Price Index Numbers for Industrial Workers on base 2001=100, (ii). Consumer Price Index Numbers for Agricultural Labourer on base 1986-87=100, (iii). Consumer Price Index Numbers for Rural Labourer on base 1986-87=100.

Besides, the Consumer Price Index encompassing the entire rural and urban population is compiled by the Central Statistics Office, Ministry of Statistics &Programme Implementation.

These indices measure relative changes in prices of selected goods and services consumed by indexed population over a period of time.

Consumer Price Index Numbers for Industrial Workers

Consumer Price Index Numbers for Industrial Workers on base 2001=100 are being compiled and maintained by Labour Bureau, Ministry of Labour & Employment in respect of All-India and 78 constituent centres. The All-India Index for CPI-IW is a weighted average index of centres’ indices. These indices are compiled on monthly basis and are released on the last working day of the succeeding month.

Consumer Price Index Numbers for Agricultural and Rural Labourers

The Labour Bureau is also compiling CPI Numbers for Agricultural and Rural Labourers separately for 20 States and All-India. These indices are released on monthly basis by 20th of every succeeding month.

The all-India CPI for Industrial workers at the beginning of financial year 2012-13, i.e., in the month of April, 2012 was 205 with an increase of 1.99 per cent over the month March, 2012. This rise was mainly on account of Food Items and Vegetables in particular. The next highest increase of 1.92 per cent in the index was recorded during the month of July, 2012, attributed to food items, specifically cereals and vegetables.

In case of CPI-AL/RL, the proportionate change in monthly indices as compared to previous months was reported due to changes (rise/fall) in the prices of food items, particularly cereals & vegetables.

The headline inflation used as a macro economic indicator is based on Wholesale Price Index (WPI) compiled by the office of Economic Advisor, Department of Industrial Policy &Promotion, Ministry of Commerce & Industry. Inflation reflecting change in retail prices of goods and services consumed by the working population is measured with the help of CPI (IW). A comparative statement indicating the inflation rates during January, 2012 to January, 2013 in respect of WPI and CPI (IW) is given in the Annexure.

The Government has undertaken a series of policy measures aimed at curbing inflation. These measures, inter-alia, include appropriate monetary measures intended to have desired impact on the demand side. The monetary policy however had to take into account the overall economic situation as manifested in declining growth rate. Besides, necessary fiscal and administrative measures were undertaken to ensure desired effect on the overall supply situation. Some of the important fiscal and administrative measures are given below:

1. Fiscal Measures:
·   Reduced import duties to zero in respect of wheat, onion, pulses, crude palmolein etc.
·  Duty-free import of white/raw sugar upto June 30, 2012. Presently the import duty for sugar has been kept at 10 per cent.
2. Administrative measures:
·   Ban on export of onion from time to time depending on the domestic situation.
·   Suspended Futures trading in rice, urad, tur, guar gum and guar seed.
·   Banned export of edible oils (except coconut oil and forest based oil) and edible oils in blended consumer packs upto 5 kg with a capacity of 20,000 tons per annum and pulses (except Kabuli chana and organic pulses and lentils up to a maximum of 10,000 tonnes per annum).

·  Imposed stock limits from time to time in the case of select essential commodities such as pulses, edible oil, and edible oilseeds.

The Minister of State for Labour & Employment Minister Shri Kodikunnil Suresh  gave this information in a written reply  in  Lok Sabha today.

ANNEXURE

Statement showing Year-on-Year inflation rates during January, 2012 to January, 2013.

Sr. No.
Month
WPI with Base 2004-05
CPI(IW) with base 2001
1
Jan-12
7.23
5.32
2
Feb-12
7.56
7.57
3
Mar-12
7.69
8.65
4
Apr-12
7.5
10.22
5
May-12
7.55
10.16
6
Jun-12
7.58
10.05
7
Jul-12
7.52
9.84
8
Aug-12
8.01
10.31
9
Sep-12
8.07
9.14
10
Oct-12
7.32
9.6
11
Nov-12
7.24
9.55
12
Dec-12
7.18 (Provisional)
11.17
13
Jan-13
6.62 (Provisional)
11.62
PIB
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Wednesday, January 16, 2013

Statement of Srikant Kumar Jena on Consumer Price Index, December 2012


Statement of Srikant Kumar Jena on Consumer Price Index, December 2012 

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics and Programme Implementation announced the release of the monthly provisional Consumer Price Index (CPI) on Base 2010=100 along with annual inflation rates for December 2012, compiled by the Central Statistics Office. Final CPI for the month of November 2012 have also been released. 

All India General (all groups) CPI numbers of December 2012 for rural, urban and combined are 126.8, 124.0 and 125.6 respectively. 

Annual inflation rate based on all India general CPI (Combined) for December 2012 on point to point basis (December 2012 over December 2011) is 10.56 %. The corresponding inflation rates (provisional) for rural and urban areas are 10.74 % and 10.42 % respectively. Inflation rates (final) for rural, urban and combined for November 2012 are 9.97 %, 9.69 % and 9.90% respectively. 

Provisional annual inflation rates of December 2012 for rural, urban and combined in respect of ‘food and beverages’ are 13.09%, 13.03% and 13.04% respectively. 

Source: PIB
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Tuesday, January 1, 2013

Expected DA from Jan 2013 : AICPIN for the month of November 2012


Expected DA from Jan 2013 : AICPIN for the month of November 2012

Consumer Price Index Numbers for Industrial Workers (CPI-IW) November 2012 

The All-India CPI-IW for November, 2012 rose by 1 point and pegged at 218 (two hundred and eighteen). On 1-month percentage change, it increased by 0.46 per cent between October and November 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 food items which increased by 0.86 per cent, contributing 1.01 percentage points to the total change. At item level, largest upward pressure came from Rice, Wheat Atta, Goat Meat, Milk, Onion, Potato, Tea (readymade), Snack Saltish, etc. The other items like Cooking Gas, Medicine (Allopathic), Bus Fare, Auto Rickshaw Fare, Flower/Flower Garlands, Tailoring Charges, etc. also put upward pressure in total change. 

The largest downward contribution to the change in current index came from Pulses and Products with a decline of 0.38 per cent, contributing (-) 0.03 percentage points to the total change. However, at item level, vegetable & fruit items like Cauliflower, Radish, Palak, Brinjal and Orange put downward pressure on the index. 

The year-on-year inflation measured by monthly CPI-IW stood at 9.55 per cent for November, 2012 as compared to 9.60 per cent for the previous month and 9.34 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 10.85 per cent against 9.91 per cent of the previous month and 7.61 per cent during the corresponding month of the previous year. 

At centre level, Mysore recorded the largest increase of 7 points followed by Vijaywada (6 points) and Guntur, Tiruchirapally, Coimbatore and Bengluru (5 points each). Among others, 4 points rise was registered in 7 centres, 3 points in 10 centres, 2 points in 6 centres and 1 point in 20 centres. Nagpur centre reported a decline of 2 points and other 9 centres registered a fall of 1 point each. Rest of the 19 centres’ indices remained stationary. 

The indices of 41 centres are above All-India Index and other 36 centres’ indices are below national average. Puducherry’s index remained at par with all-India index. 

The next index of CPI-IW for the month of December, 2012 will be released on Thursday, January 31, 2013.

Source: PIB News
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Three types of Consumer Price Index Numbers maintained by Labour Bureau


Three types of Consumer Price Index Numbers maintained by Labour Bureau
Calculation of CPI
The Labour Bureau has been compiling and maintaining three different series of Consumer Price Index numbers viz. (i) Consumer Price Index Numbers for Industrial Workers (CPI-IW) on base 2001=100, (ii) Consumer Price Index Numbers for Agricultural Labourer on base 1986-87=100, (iii) Consumer Price Index Numbers for Rural Labourer on base 1986-87=100.
These index numbers measure a temporal change in prices of fixed basket of goods and services consumed by the target groups and are compiled on the basis of the prices of selected goods and services which are collected every week/month and the weights assigned to them. Weights to the selected items are assigned on the basis of the expenditure incurred on them as revealed by the surveys conducted for the purposes.
The index numbers for centre/state are compiled in several stages i.e. Sub-group, Group and General level. These centre/state level indices are then weighed to work out all-India indices.
The weights (Group / Sub-group wise) under  Consumer Price Index for Industrial Workers on base 2001=100 and Consumer Price Index Numbers for Agricultural Labourer / Rural Labourer on base 1986-87=100 are given at Annexure.
The services like education, health/medicine, transportation are included in the compilation of all three Consumer Price Index Numbers. The details of the weights assigned to services like education, health/medicine, transportation, etc. are given in Annexure.

There is substantial increase in the weights attached to services like education, health/medicine, transportation in successive series of Consumer Price Index number for Industrial Workers which is revealed from the statement given below:

1. Consumer Price Index numbers for Industrial Workers on base 2001=100 
Group/Sub-group
Weights
Percentage increase / decrease
Base 1982=100
Base 2001=100
Medical Care
2.59
4.56
76.06
Education, Recreation & Amusement
3.14
6.18
96.82
Transport & Communication
2.65
4.87
83.77
Personal Care & Effects
3.31
4.22
27.49

2.  For Consumer Price Index Numbers for Agricultural Labourer / Rural Labourer on base 1986-87=100, there was no separate sub-groups in respect of Education, Health / Medicine and Transportation in the previous series i.e. 1960-61=100. However, the weights assigned to them during the current series i.e. 1986-87=100 are as under:

Group/Sub-group
Weights
AL
RL
Medical Care
4.38
4.23
Education, Recreation & Amusement
0.94
0.99
Transport & Communication
1.67
1.80
Personal Care & Effects
2.04
2.28

The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in a written reply  on 27th August, 2012.

Annexure 
All India weights Group / Sub group wise for Consumer Price Index Number  for Industrial Worker on base 2001=100 and Consumer Price Index Number for Agricultural & Rural Labourers on base 1986-87=100.

Sr.No.
Group / Sub group
Weight for
CPI-W
2001-100
CPI-AL
1986-87=100
CPI-RL
1986-87=100
I
Food Group
Cereals and Products
13.48
40.94
38.15
Pulse and Products
2.91
3.39
3.40
Oil and Fats
3.23
3.83
3.79
Meat, Fish and Eggs
3.97
3.10
3.31
Milk and Product
7.31
3.74
3.94
Condiments and Spices
2.57
4.12
3.92
Vegetable and Fruits
6.05
5.06
5.05
Other food
6.68
4.97
5.21
Total Food Group
46.20
69.15
66.77
Pan, Supari, tobacco and intoxicants
2.27
3.79
3.70
II
Fuel and Light
6.43
8.35
7.90
III
Housing Group
15.27
-
-
IV
Clothing, Bedding and Footwear
6.57
6.98
9.76
V
Miscellaneous
Medical Care
4.56
4.38
4.23
Education, Recreation and Amusement
6.18
0.94
0.99
Transport and Communication
4.87
1.67
1.80
Personal Care and Effects
4.22
2.04
2.28
Others
3.43
2.70
2.57
Total Miscellaneous Group
23.26
11.73
11.87
Total
100
100
100

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Thursday, December 13, 2012

Consumer Price Index Numbers on Base 2010=100 for Rural, Urban and Combined for the Month of November, 2012


Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation 
12-December-2012 11:08 IST
Consumer Price Index Numbers on Base 2010=100 for Rural, Urban and Combined for the Month of November, 2012 

            The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation releases Consumer Price Indices (CPI) on base 2010=100 for all-India and States/UTsseparately for rural, urban and combined every month with effect from January, 2011. 
Provisional indices for the month of November 2012 and also final indices for October 2012 are being released with this note for all-India and for States/UTs.
            All India provisional General (all groups), Group and Sub- Group level CPI numbers of November 2012 for rural, urban and combined are given in Annex I. The General Indices for rural, urban and combined are 126.9, 123.4 and 125.4 respectively. 
Provisional annual inflation rate based on all India general CPI (Combined) for November 2012 on point to point basis (November 2012 over November 2011) is 9.90% as compared to 9.75% (final) for the previous month of October 2012. The corresponding provisional inflation rates for rural and urban areas for November 2012 are 9.97% and 9.69% respectively. Inflation rates (final) for rural and urban areas for October 2012 are 9.90% and 9.46% respectively. Inflation for specified categories is indicated at Annex II.
State/UT-wise General provisional CPI numbers for rural, urban and combined are at Annex III. State/ UT wise Group level provisional indices are available in the Ministry’s website (www.mospi.gov.in).
Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals being maintained by the National Informatics Centre.
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