The All India Consumer Price Index (AICPIN) for October 2024 has been released by the Labour Bureau, Ministry of Labour & Employment. The CPI-IW (Consumer Price Index for Industrial Workers) on the base year 2016=100 stands at 144.5, reflecting the current price trends across various regions in India.
Key Highlights of AICPIN for October 2024:
The All India Index increased from 143.3 in September 2024 to 144.5 in October 2024.
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This marks a significant shift in the retail price index, impacting Dearness Allowance (DA) calculations for millions of employees and pensioners.
Regional Variations:
The index varies across centers, reflecting localized price changes. For example:
Guntur: 153.7
Delhi: 136.4
Mumbai: 134.3
Chennai: 143.4
Kolkata: 149.8
Implications of the October 2024 AICPIN:
- Dearness Allowance (DA) Adjustment:
The release of this data is crucial for calculating future adjustments in Dearness Allowance for government employees and pensioners. - Policy Formulation:
The AICPIN serves as a vital input for policymakers to assess inflation trends and determine necessary economic measures. - Impact on Household Budgets:
The increase in the index indicates rising prices of essential goods and services, affecting the purchasing power of households.
The AICPIN data plays a significant role in understanding inflation and its impact on the standard of living. Stay updated with monthly trends and regional data at Govtempdiary.
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