Consumer Price Index for Industrial Workers (CPI-IW) – November 2024 Update
The Consumer Price Index for Industrial Workers (CPI-IW), compiled by the Ministry of Labour & Employment, is an essential metric for determining the cost of living adjustments for industrial workers in India. The November 2024 CPI-IW data has been officially released, reflecting significant insights into economic trends.
All-India CPI-IW for November 2024
The All-India Index for November 2024 stands at 144.5, maintaining the same level as October 2024. This stability in the index indicates consistent price trends across essential commodities and services that impact industrial workers.
Highlights of CPI-IW November 2024
- The index remains unchanged at 144.5, showing no fluctuation compared to the previous month.
- Regional variations are evident, with some centers witnessing slight changes.
- The index values for key regions are as follows:
- Delhi: 139.6
- Mumbai: 147.0
- Chennai: 141.8
- Kolkata: 154.9
Explore the detailed table below for region-specific data.
Region-Wise CPI-IW Data – November 2024
| Region | Index Value |
|---|---|
| Delhi | 139.6 |
| Mumbai | 147.0 |
| Chennai | 141.8 |
| Kolkata | 154.9 |
| All-India | 144.5 |
Note: Data rounded to the nearest decimal point.
Understanding CPI-IW and Its Impact
The Consumer Price Index for Industrial Workers is a critical economic indicator used to:
- Determine Dearness Allowance (DA) adjustments for government employees and pensioners.
- Reflect changes in the cost of living for industrial workers.
- Monitor inflation trends across India.
Why is CPI-IW Important?
CPI-IW directly influences:
- Wage revisions.
- Economic policies related to labor and industry.
- Standard of living adjustments for industrial workers.
Source of Information
The data is sourced from the official Labour Bureau, Ministry of Labour & Employment, Government of India. For detailed insights, visit their official website.
Conclusion
The November 2024 CPI-IW data provides vital insights into India’s economic trends, particularly for industrial workers. Stay updated with accurate and timely information about CPI-IW and other economic indices by following our blog.
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