AICPIN for December 2023 – Press Release PDF
The AICPIN Points for December 2023, which is a measure of inflation in India, have been recorded at 138.8. This value is derived from the Consumer Price Index for Industrial Workers (CPI-IW), a comprehensive index that tracks the prices of a basket of goods and services consumed by industrial workers. In December 2023, the CPI-IW witnessed a slight decrease of 0.3 points, resulting in a value of 138.8. This means that the cost of living for industrial workers in India decreased marginally during this period.
AICPIN Dec 2023 Press Release PDF
The All-India CPI-IW for December 2023, which represents the average inflation rate across the country, decreased by 0.3 points and stood at 138.8. This indicates a slight decline in prices for goods and services consumed by industrial workers on a national scale. In terms of percentage change, the CPI-IW decreased by 0.22 percent compared to the previous month. This indicates a slightly higher rate of decrease in prices compared to the corresponding months of the previous year, which saw a decrease of 0.15 percent.
These figures provide valuable insights into the current state of inflation in India and can be used to calculate the dearness allowance (DA) for December 2023. The DA is an additional payment given to employees to compensate for the rising cost of living. By considering the AICPIN points and the corresponding formula for DA calculation, organizations and individuals can determine the appropriate adjustment to be made to salaries and wages to ensure that employees are adequately compensated for the changing economic conditions.
AICPIN Table 2023
| Period | CPI-2001 | CPI-2016 |
| January 2023 | 382 | 132.8 |
| February 2023 | 382 | 132.7 |
| March 2023 | 384 | 133.3 |
| April 2023 | 386 | 134.2 |
| May 2023 | 388 | 134.7 |
| June 2023 | 393 | 136.4 |
| July 2023 | 402 | 139.7 |
| August 2023 | 401 | 139.2 |
| September 2023 | 396 | 137.5 |
| October 2023 | 399 | 138.4 |
| November 2023 | 401 | 139.1 |
| December 2023 | 400 | 138.8 |
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