CPI Press Release Consumer Price Index for Industrial Workers (2016=100) – August 2022 -30th  September 2022

CPI Press Release Consumer Price Index for Industrial Workers (2016=100) – August 2022 -30th  September 2022

• Karma
• October 06 10:17:53, 2022

CPI Press Release Consumer Price Index for Industrial Workers (2016=100) – August 2022

  Contents News/Article  Date:    30^th  September 2022 Relating to which  Act:   The Minimum Wages Act, 1948,  Type:   Government of India, Ministry of Labour & Employment, Labour Bureau, Press Release for consumer price index for industrial workers (2016 = 100) – August 2022  Pertains to:   Employers and Employees -  The All-India CPI-IW for August 2022 increased by 0.3 points and stood at 130.2 (one hundred thirty points two).   Relevance of this news:  Karma Management 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. Karma Global has a system to regularly track announcement of minimum wages declared and also the consumer price index announced from time to time and in this respect, Karma makes it a regular point to inform all its stakeholders ranging from business owners to vendor partners, contractors,  SME clients, associates on the minimum wages and consumer price index in an explanatory manner understood by all. The All-India CPI-IW for August 2022 increased by 0.3 points and stood at 130.2 (one hundred thirty points two). On I -the month percentage change, it increased by 0.23 percent with respect to the previous month compared to an increase of 0.16 percent recorded between corresponding months a year ago. Subject: Consumer Price Index for Industrial Workers (2016=100) - Augustr2022.  

For greater details, appended below is the complete news item

 

GOVERNMENT OF INDIA – MINISTRY OF LABOUR & EMPLOYMENT LABOUR BUREAU

  CLAREMONT" SHIMLA-  DATED: 30 Sep,2022 CPI Press Release Consumer Price Index for Industrial Workers (2016=100) – August  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 August 2022 is being released in this press release.
• The All-India CPI-IW for August 2022 increased by 0.3 points and stood at 130.2 (one hundred thirty points two). On I -the month percentage change, it increased by 0.23 percent with respect to the previous month compared to an increase of 0.16 percent recorded between corresponding months a year ago.
• The maximum upward pressure in the current index came from Food & Beverages group contributing 0.19 percentage points to the total change.
• At the item level, Rice, Wheat Atta, Arhar/Tur Dal, Wheat, Mango, Buffalo Milk, Cooked Meal, Telephone Charges mobile, etc. are responsible for the rise in the index. However, this increase was largely checked by Apple, Tomato, Poultry Chicken, Soybean oil, Sunflower Oil, Egg Hen, Electricity Domestic, Petrol for Vehicle, etc. putting downward pressure on the index.
• At the center level, Solapur recorded a maximum increase of 3.9 points followed by Agra with 3.2 points.
• Among others, 5 centers recorded an increase between 2 to 2.9 points, 20 centers between I to 1.9 points and27 centers between 0.1 to 0.9 points. On the contrary, Jamshedpur recorded a maximum decrease of 3.7 points. Among others, 8 centers recorded a decrease between 1 to 1.9 points and24 centers between 0.1 to 0.9 points. The rest of one center index remained stationary.
• Year-on-year inflation for the month stood at 5.85 percent compared to 5.78 percent for the previous month and 4.80 percent during the corresponding month a year before.
• Similarly, the Food inflation stood at6.46 percent against 5.96 percent of the previous month and 4.83 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 July 2022 and August 2022

    CPI-IW: Groups Indices