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AICPIN for October 2024

December 5, 2024 by rajasinghmurugesan Leave a Comment

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.

Expected DA Calculator for 2025 – Updated Here

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:

  1. Dearness Allowance (DA) Adjustment:
    The release of this data is crucial for calculating future adjustments in Dearness Allowance for government employees and pensioners.
  2. Policy Formulation:
    The AICPIN serves as a vital input for policymakers to assess inflation trends and determine necessary economic measures.
  3. 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.

Filed Under: AICPIN - All India Consumer Price Index, CGE Latest News

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