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.
PIB
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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
Wednesday, January 16, 2013
Statement of Srikant Kumar Jena on Consumer Price Index, December 2012
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
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:
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.
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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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