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The All India CPI-IW for the December 2018 decreased by one point and pegged at 301 (three hundred and one)
The Labour Bureau under Ministry of Labour and Employment today released the statistical report of All India Consumer Price Index (AICPIN IW) for the month of December 2018.
The index decreased by one point and pegged at 301 (three hundred and one). The calculation of additional Dearness Allowance from Jan 2019 for all Central Government employees and pensioners is completed.
Ministry of Labour & Employment
Consumer Price Index for Industrial Workers (CPI-IW) – December, 2018
The All-India CPI-IW for December, 2018 decreased by 1 point and pegged at 301 (three hundred and one). On 1-month percentage change, it decreased by (-) 0.33 percent between November, 2018 and December, 2018 when compared with the decrease of (-) 0.69 percent for the corresponding months of last year.
The maximum downward pressure to the change in current index came from Food group contributing (-) 1.38 percentage points to the total change. At item level, Onion, Banana, Coconut, Lemon, Brinjal, Cabbage, Chillies Green, Carrot, Cauliflower, French Bean, Palak, Peas, Potato, Radish, Tomato, Sugar, Cooking Gas, Petrol, etc. are responsible for the decrease in index. However, this decrease was checked by Fish Fresh, Poultry (Chicken), Tea (Readymade), E.S.I. Contribution Premium, Repair Charges (Bicycle), etc., putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 5.24 percent for December, 2018 as compared to 4.86 percent for the previous month and 4.00 percent during the corresponding month of the previous year. Similarly, the Food inflation stood at (-) 0.96 percent against (-) 1.57 percent of the previous month and 4.32 percent during the corresponding month of the previous year.
At centre level Munger Jamalpur, Tripura and Doom-Dooma Tinsukia reported the maximum decrease of (6 points each) followed by Ranchi Hatia, Lucknow and Kanpur (5 points each). Among others, 4 points decrease was observed in 3 centres, 3 points in 7 centres, 2 points in 16 centres and 1 point in 13 centres. On the contrary, Salem recorded a maximum increase of 6 points followed by Jalpaiguri (5 points). Among others, 2 points increase was observed in 4 centres and 1 point in 12 centres. Rest of the 15 centres’ indices remained stationary.
The indices of 36 centres are above All-India Index and 41 centres’ indices are below national average. The index of Chandigarh centre remained at par with All-India Index.
| Short Summary of AICPIN | Link |
|---|---|
| The 1st month of July 2018 The AICPIN surge to 301 with 10 points increased from 291. More expectations created on Jan 2019 DA |
Press Release |
| The 2nd month of August 2018 The Index stands at 301 points. No change at all |
Press Release |
| The 3rd month of September 2018 The index still sitting at 301. There is no huge impact on Jan 2019 DA. |
Press Release |
| The 4th month of October 2018 The AICPIN moved to 302 with one-point hike. Still we cannot expect the exact DA from Jan 2019 |
Press Release |
| The 5th month of November 2018 The AICPIN stands at 302. |
Press Release |
| The 6th month of December 2018 The AICPIN decreased one point and finally stands at 301. So, the additional DA from Jan 2019 will be 3% |
Press Release |
| M/Y | AICPIN | 12 M T | 12 M A | CAL |
|---|---|---|---|---|
| Jul-18 | 301 | 3462 | 288.50 | 10.36 |
| Aug-18 | 301 | 3478 | 289.83 | 10.87 |
| Sep-18 | 301 | 3494 | 291.17 | 11.38 |
| Oct-18 | 302 | 3509 | 292.42 | 11.86 |
| Nov-18 | 302 | 3523 | 293.58 | 12.30 |
| Dec-18 | 301 | 3538 | 294.83 | 12.78 |
| Additional DA from Jan 2019 = 3% | ||||
Expected DA in future