Consumer Price Index (AICPIN) for the month of October 2020

 Consumer Price Index (AICPIN) for the month of October 2020

 Expected DA – AICPIN for the month of October 2020 increased by 1.4 points

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

F.No. 5/1/2020-CP/I

CLEREMONT SHIMLA- 17 1004

DATED: 27th November, 2020

Press Release

Consumer Price Index for Industrial Workers (2016=100) – October 2020

The Labour Bureau, an attached office of the M/o 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 index for the month of October, 2020 is being released in this press release.

The All-India Consumer Price Index for Industrial Workers (CPI-IW) for October, 2020 increased by 1.4 points and stood at 119.5 (one hundred nineteen and point five). On 1-month percentage change, it increased by (+) 1.19 per cent between September and October, 2020 compared to (+) 0.93 per cent increase between corresponding months of previous year.

The maximum upward pressure in current index came from Food & Beverages group contributing (+) 1.29 percentage points to the total change. At item level, Arhar Dal, Poultry (Chicken), Eggs (Hen), Goat Meat, Mustard Oil, Sunflower Oil, Brinjal, Cabbage, Carrot, Cauliflower, Chillies Green, Gourd, Lady Finger, Onion, Peas, Potato, Electricity Domestic, Doctor’s Fee, Bus Fare, etc. are responsible for the increase in index. However, this increase was checked by Wheat, Fish Fresh, Tomato, Apple, etc., putting downward pressure on the index.

At centre level, Doom-Dooma Tinsukia, Patna and Ramgarh recorded the maximum increase of 4 points each. Among others, 3 points increase was observed in 9 centres, 2 points in 24 centres and 1 point in 33 centres. Rest of 19 centres’ indices remained stationary.

Year-on-year inflation based on all-items stood at 5.91 per cent for October, 2020 as compared to 5.62 per cent for the previous month and 7.62 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 8.21 per cent against 7.51 per cent of the previous month and 8.60 per cent during the corresponding month a year ago.

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

All-India Group-wise CPI-IW for July and August, 2020

Sr. No.	Groups	August, 2019	Jul, 2020	August, 2020
I	Food Group	330	119.7	123.0
II	Pan, Supari, Tobacco & Intoxicants	391	131.6	132.5*
III	Fuel & Light	282	117 .6	117 .4
IV	Housing	434	113.5	113.5*
v	Clothing, Bedding & Footwear	226	125.6	126.4
VI	Miscellaneous Group	254	116.8	117 .0
	General Index	320	118.1	119.5

CPI-IW: Food and General Indices

The next issue of CPI-IW for the month of November, 2020 will be released on Thursday 31st December, 2020. The same will also be available on the office website www.labourbureaunew.gov.in.

Key Points:-

All-India CPI for Industrial Workers (2016=100) for October, 2020 increased to 119.5 points compared to 118.1 points for September, 2020.

In percentage terms, it rose by 1.19% w.r.t. previous month mainly due to Food group items having a share of 39.17% in the total weight which recorded a rise of 76% between these two months. During the period, increase in prices of food items viz. Arhar Dal, Poultry Chicken, Goat Meat, Egg, Mustard Oil, Onion, Potato, Brinjal, Peas, Doctor’s Fee, Bus Fare, etc., had greater impact.

Year-on-year inflation based on all-items stood at 5.91 per cent for October, 2020 compared to 5.62 per cent for September, 2020 and 7.62 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 8.21 per cent against 7.51 per cent of the previous month and 8.60 per cent during the corresponding month a year ago.