Minimum Wages – Consumer Price Index for Industrial Workers (2016=100) – May 2022 by Ministry of Labour & Employment-1st July 2022

Minimum Wages – Consumer Price Index for Industrial Workers (2016=100) – May 2022 by Ministry of Labour & Employment

Consumer Price Index for Industrial Workers (2016=100) – May 2022

Posted On: 30 JUN 2022 

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 317 markets spread over 88 industrially important centers in the country. The index is compiled for 88 centers and All-India and is released on the last working day of the succeeding month. The index for the month of May 2022 is being released in this press release.

The All-India CPI-IW for May 2022 increased by 1.3 points and stood at 129.0 (one hundred twenty-nine points). On 1-month percentage change, it increased by 1.02 percent with respect to the previous month compared to an increase of 0.42 percent recorded between corresponding months a year ago.

The maximum upward pressure in the current index came from Food & Beverages group contributing 0.79 percentage points to the total change. At the item level, Tomato, Potato,  Soybean Oil, Sunflower Oil, Buffalo Milk, Fish Fresh, Poultry Chicken, Cooked Meal,  Cooking Gas, Kerosene Oil, Bus Fare, Allopathic Medicine, Telephone Charges, etc. are responsible for the rise in the index. However, this increase was largely checked by Onion, Bitter Guard, Lady Finger, Chilli Green, Lemon, Mango, Water Melon, Pan Leaf, Petrol for Vehicles, etc. putting downward pressure on the index.

At the center level, Coimbatore recorded a maximum increase of 5.2 points followed by Salem and Jalandhar with 4.8 and 4.2 points respectively. Among others, 6 centers recorded an increase between 3 to 3.9 points, 19 centers between 2 to 2.9 points, 22 centers between 1 to 1.9 points, and 24 centers between 0.1 to 0.9 points. On the contrary, Yamunanagar recorded a maximum decrease of 1.5 points followed by Delhi with 1.2 points. Among others, 9 centers recorded a decrease between 0.1 to 0.9 points. The rest of the 3 centers’ indices remained stationary.

Year-on-year inflation for the month stood at 6.97 percent compared to 6.33 percent for the previous month and 5.25 percent during the corresponding month a year before. Similarly, the Food inflation stood at 7.92 percent against 7.05 percent of the previous month and 5.26 percent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for April 2022 and May 2022

CPI-IW: Groups Indices

The next issue of CPI-IW for the month of June 2022 will be released on Friday, 29^th July 2022.