AICPIN for the month of August 2021: The statistical data of Consumer Price Index for Industrial Employees (Base Year 2016=100) for the month of August 2021 will be published today by the Labour Bureau. The AICPIN data is the key element for the calculation of the Dearness Allowance for Central Government employees and pensioners.
The below table indicates the trend of the AICPIN from January 2021. If the trend continues for further 5 months, the next instalment of additional DA may increase by 3% to 5%.
Consumer Price Index for Industrial Workers (2016=100) – August 2021
The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 31.7 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of August, 2021 is being released in this press release.
The All-India CPI-IW for August, 2021 increased by 0.1 point and stood at 123.0 (one hundred twenty three). On 1-month percentage change, it increased by 0.16 per cent with respect to previous month compared to an increase of 0.60 per cent recorded between corresponding months a year ago.
New AICPIN-2016 Chart
|Month / Year||CPI 2001||CPI 2016|
|January AICPIN 2021||340.41||118.2|
|February AICPIN 2021||342.72||119.0|
|March AICPIN 2021||344.44||119.6|
|April AICPIN 2021||345.88||120.1|
|May AICPIN 2021||347.32||120.6|
|June AICPIN 2021||350.49||121.7|
|July AICPIN 2021||353.66||122.8|
|August AICPIN 2021||354.24||123.0|
What is new AICPIN 2016?
The new series of Consumer Price Index (CPI) for Industral Workers (IW) with base year 2016=100 will replace the existing series with base year 2001=100. [Click to read more]
What are the benefits of the new AICPIN-2016?
Index numbers in statistics are indicators of changes in certain economic, social and related phenomena. Most of the current indices are indicators of changes over time in respect of economic characteristics like prices, output, wages, etc. These are termed as price index, production index, wages index, etc. Price indexis ameasure of how prices change over a period of time, or in other words, it is a way to measure inflation.
In India broadly two price indices are compiled viz. Wholesale Price Index (WPI) and Consumer Price Index (CPI). The first one captures the price situation in wholesale market and second, measure price changes in retail market. Based on the target group, the CPI is further classified as CPI for Industrial Workers, Agricultural Labourers, Rural Labourers, CPI for Rural, Urban, Combined.
The Consumer Price Index for Industrial Workers (CPI-IW), one of the prominent economic indicators, which measures the relative changes in retail prices over a period of time in respect of a fixed set of goods and services consumed by an average working class family in a given area with reference to a base year. The changes in consumer prices affect the real purchasing power of households’ money incomes and hence, the standard of living or welfare that they can achieve out of a given money income/ expenditure.
How to calcualte expected DA for CG employees?
‘Expected DA’ calculation is an imaginary or prediction of the percentage of the next instalment of DA. Expected Dearness Allowance (DA) Calculator from 1st July 2021 for Central Government Employees and Pensioners. We provide here a simple online calculation tool to predict the DA and DR with inputs of imaginary AICPIN. Click to calculate with a free online tool. Click to calcuate with a free online tool