AICPIN for the Month September 2023

In September 2023, the AICPIN dropped by 1.7 points to 137.5. The 1-month percentage change shows a 1.22% decrease compared to the previous month, in contrast to a 0.84% increase observed during the same months last year.

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 September, 2023 is being released in this press release.

Updated Expected DA Calculator for January 2024

The All-India CPI-IW for September, 2023 decreased by 1.7 points and stood at 137.5 (one hundred thirty seven point five). On 1-month percentage change, it decreased by 1.22 per cent with respect to previous month compared to increase of 0.84 per cent recorded between corresponding months a year ago.

The maximum downward pressure in current index came from Food & Beverages group contributing 1.10 percentage points to the total change. At item level, Fish Fresh, Cotton Seed Oil, Mustard Oil, Apple, Orange, Bitter Gourd, Brinjal, Cabbage, Carrot, Chillies Green, Ginger, Lady’s Finger, Tomato, Capsicum, Gourd, Radish, Cooking Gas, etc. are responsible for the fall in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Arhar Dal, Chana Dal, Dairy Milk, Poultry/Chicken, Eggs-hen, Banana, Grapes, Cauliflower, Garlic, Onion, Cumin Seed/Jira, Cooked Meals, Electricity Domestic, Kerosene Oil, Cigarettes, Pan Masala, School Uniform (Boys/Girls), Books School/ITI, Tuition and other Fees-College and School/ITI, etc. putting upward pressure on the index.

At centre level, Salem recorded a maximum decrease of 6.7 points followed by Udham Singh Nagar and Jalandhar with 5.8 and 5.4 points respectively. Among others, 5 centres recorded decrease between 4 to 4.9 points, 5 centres between 3 to 3.9 points, 19 centres between 2 to 2.9 points, 30 centres between 1 to 1.9 points and 13 centres between 0.1 to 0.9 points. On the contrary, Jalpaiguri recorded a maximum increase of 1.9 points followed by Chikmagalur and Jammu & Kashmir with 1.2 and 1.1 points respectively. Among others, 9 centres recorded increase between 0.1 to 0.9 points and 1 centre index remained stationary.

Year-on-year inflation for the month stood at 4.72 per cent compared to 6.91 per cent for the previous month and 6.49 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.52 per cent against 10.06 per cent of the previous month and 7.76 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 August, 2023 and September, 2023

CPI-IW: Groups Indices

The next issue of CPI-IW for the month of October, 2023 will be released on Thursday, 30^th November, 2023. The same will also be available on the office website www.labourbureau.gov.in.