The All-India CPI-IW for November, 2020 increased by 0.4 points and stood at 119.9 (one hundred nineteen and point nine). On 1-month percentage change, it increased by (+) 0.33 % between October and November, 2020 compared to (+) 0.92 % increase between corresponding months of previous year
All India Consumer Price Index Number (AICPIN)
The AICPIN is calculated based on the changes in the prices of a basket of goods and services that are typically purchased by urban and rural households in India. These items include food, clothing, housing, fuel, and other essential commodities. The AICPIN is used to assess the impact of inflation on the general population and is a crucial factor in determining various economic policies, such as adjustments in dearness allowance for government employees.
AICPIN for the month of October 2020
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for October, 2020 increased by 1.4 points and stood at 119.5 (one hundred nineteen and point five).
AICPIN for the month of September 2020 with base year (2016 -100) – 118 points
The base year of price index numbers will be revised at frequent intervals, generally not exceeding 10 years to reflect the changes that take place in the consumption pattern of consumers. It is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors. It is also used in fixation and revision of minimum wages in scheduled employments besides measuring the inflation in retail prices. The new index will assign more weight to spend on services such as education, healthcare, housing, travel and transportation, as spending on these items have gone up, as compared to primary items such as food.
AICPIN for the month of August 2020
The All-India CPI-IW for August, 2020 increased by 2 points and stood at 338 (three hundred and thirty eight). On 1-month percentage change, it increased by (+) 0.60 per cent between July and August, 2020 compared to (+) 0.31 per cent increase between corresponding months of previous year.
AICPIN for the month of July 2020
The All-India CPI-IW for July, 2020 increased by 4 points and stood at 336 (three hundred and thirty six). On 1-month percentage change, it increased by (+) 1.20 per cent between June and July, 2020 compared to (+) 0.95 per cent increase between corresponding months of previous year.