AICPIN Points for November 2023 is 139.1
The Consumer Price Index for Industrial Workers (CPI-IW) in India experienced a modest increase of 0.7 points in November 2023, reaching a value of 139.1. Comparing the data on a monthly basis, there was a 0.51 percent increase from the previous month. However, when considering the same period from a year ago, there was no significant change observed.
AICPIN Nov-23 Press Release PDF
CPI (IW) BY 2016 Nov 2023
In the year 2023, the 7th Central Pay Commission (CPC) released the All India Consumer Price Index Numbers (AICPIN) table, which provides valuable information about the CPI-2001 and CPI-2016 for each month. In January 2023, the CPI-2001 stood at 382, while the CPI-2016 was 132.8. As the months progressed, there were minor fluctuations in the CPI numbers, with February 2023 recording a CPI-2016 of 132.7 and March 2023 showing a slight increase to 133.3. By June 2023, the CPI-2016 had reached 136.4, indicating a rising trend in consumer prices. July 2023 witnessed a significant jump in the CPI-2016, reaching 139.7, and August 2023 saw a slight decrease to 139.2. As the year continued, the CPI-2016 fluctuated between 137.5 and 138.4 in September and October 2023 respectively. Unfortunately, the data for November 2023 is not available at this time.
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CPI-AL and CPI-RL Increased in Nov 2023
In November 2023, there was an increase in the All-India Consumer Price Index Numbers for Agricultural and Rural Labourers (CPI-AL and CPI-RL). The CPI-AL rose by 12 points to reach 1253 points, while the CPI-RL increased by 11 points to stand at 1262 points. The main factor contributing to the overall index rise for both agricultural labourers and rural labourers was the food group, specifically due to higher prices of rice, wheat atta, pulses, onion, turmeric whole, garlic, mixed spices, and similar items.
It is worth noting that there was an upward trend in the index across all states except for West Bengal, where both CPI-AL and CPI-RL indices experienced a decrease. Similarly, Himachal Pradesh saw a decrease in the CPI-AL index.
The next issue of CPI-IW for December 2023 will be released on Wednesday, 31st January 2024. The same will also be available on the office website www.labourbureou.gov.in.
November 2023 Aicpin will decide the merger of DA with the Basic pay and give an expected pay rise for the employees