All-India Consumer Price Index for Industrial Workers (AICPIN) October 2024
The All-India Consumer Price Index for Industrial Workers (AICPIN) for October 2024 has been officially released by the Labour Bureau. The CPI-IW stands at 144.5 (Base Year: 2016=100), reflecting a significant benchmark for tracking inflation and determining critical economic indicators such as Dearness Allowance (DA) for government employees and pensioners.
Expected DA Calculator for 2025 – Updated Here
Key Highlights of AICPIN October 2024
- AICPIN Value: 144.5 (an increase from 143.3 in September 2024).
- Base Year: 2016=100.
- DA Percentage (Post-October): 55.42%.
- Release Date: 05 th December 2024.
- Purpose: The index plays a critical role in assessing inflation trends, revising wages, and calculating DA for millions of industrial workers and government employees.
Regional Variations
The AICPIN reflects price trends across 88 centers in India, showcasing regional price fluctuations. Some notable values include:
- Delhi: 136.4
- Mumbai: 134.3
- Chennai: 143.4
- Kolkata: 149.8
- Guntur: 153.7
These variations are influenced by local factors such as commodity availability, transportation costs, and regional consumption patterns.
Impact of October 2024 AICPIN
- Dearness Allowance Adjustments:
- With the AICPIN value of 144.5, the Dearness Allowance (DA) has been calculated at 55.42%. This adjustment ensures government employees’ salaries align with inflationary trends.
- Policy Formulation:
- Policymakers use the data to understand inflation dynamics and draft measures to stabilize the economy.
- Cost of Living Analysis:
- The index highlights changes in the cost of essential goods and services, impacting workers’ purchasing power and living standards.
Significance of AICPIN
The AICPIN is not just a number; it is an economic tool that drives critical decisions across sectors:
- Government: DA and wage revisions.
- Private Sector: Salary benchmarking and inflation tracking.
- Public: Insights into cost-of-living trends.
Where to Access the AICPIN Report?
For detailed data, visit the Labour Bureau’s official website or Govtempdiary. Stay informed with the latest updates on AICPIN and its impact on economic policies.
Conclusion
The release of the AICPIN for October 2024, with a value of 144.5, has led to a revised DA percentage of 55.42%, marking an essential milestone for economic analysis and planning in India. The data serves as a crucial benchmark for inflation and cost-of-living adjustments. Stay tuned to this page for more updates on how the AICPIN affects DA calculations and other economic developments!
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