CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN, AND COMBINED FOR THE MONTH OF AUGUST 2022
Contents News/Article Date: 12th September 2022
Relating to which Act: The Minimum Wages Act, 1948
Type: GOVERNMENT OF INDIA, MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION, NATIONAL STATISTICAL OFFICE, Dated the 12th September 2022, Bhadrapada, Saka 1944 PRESS RELEASE
Relevance of this news: Karma Global Consulting Solutions Pvt. Ltd is in the business of Payroll, Outsourcing, and Regulatory Compliances from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing On-boarding Management, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Now Karma Global is also entirely into labour compliances for nearly 18 years and is helping both establishments and workers for the fulfillment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on a Pan India basis. Recently, it has diversified into foreign shores, into countries like the US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment, and governance.
Karma has a system to regularly track the announcement of minimum wages declared and also the consumer price index and in this respect, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) have released the All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of August 2022 (Provisional) in this press note. CPIs for Sub-Groups and Groups for All India and all States/UTs are also being released.
Karma will inform all its clients accordingly so that this knowledge information is known to all of them on the kind of practices followed by the Government.
Subject: CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN, AND COMBINED FOR THE MONTH OF AUGUST 2022
For greater details, appended below is the complete information
GOVERNMENT OF INDIA MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION NATIONAL STATISTICAL OFFICE Dated the 12th of September 2022
PRESS RELEASE CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN, AND COMBINED FOR THE MONTH OF AUGUST 2022
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing the All India Consumer Price Index (CPI) on Base 2012=100 and the corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of August 2022 (Provisional) in this press note. CPIs for Sub-Groups and Groups for All India and all States/UTs are also being released.
The Price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of the Field Operations Division of NSO, MoSPI on a weekly roster.
During the month of August 2022, NSO collected prices from 99.7% of villages and 98.2% of urban Markets while the Market-wise prices reported therein were 89.3% for rural and 93.3% for urban.
All India’s Inflation rates (on point to point basis i.e. current month over the same month of last year, i.e.August 2022 over August 2021), based on General Indices and CFPIs are given as follows:
Year-on-year inflation rates (%) of major@ States for Rural, Urban, and Combined for August 2022 (Provisional) (Base: 2012=100) Year-on-year inflation rates (%) of major@ States for Rural, Urban, and Combined for August 2022 (Provisional) (Base: 2012=100)
