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Consumer Price Index for Industrial Workers (2016=100) – March, 2021

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Key Highlights.

  1. All-India Consumer Price Index for Industrial Workers (2016=100) for March, 2021 increased to 119.6 points compared to 119.0 points for February, 2021.
  2. The increase observed in index is mainly due to items like Cooking Gas, Petrol, Poultry Chicken, Edible Oils, Apple, Tea Leaf, Served & Processed Packaged Food, etc. which experienced an increase in prices.
  3. Inflation for March, 2021 went up to 5.64 per cent compared to 4.48 per cent of previous month. Similarly, Food inflation also rose to 5.36 per cent from 4.64 per cent in the previous month.

The All-India CPI-IW for March, 2021increased by 0.6 points and stood at 119.6(one hundrednineteen and point six). On 1-month percentage change, it increased by 0.50per cent with respect to previous month whereas there was a decline of 0.61 per centbetween corresponding months a year ago.

The maximum upward pressure in current index came from Fuel & Lightgroup contributing 0.40 percentage points to the total change. It was further supplemented by Miscellaneous group contributing 0.15 percentage points to the total rise. At item level, Cooking Gas, Petrol, Poultry Chicken, Edible Oils, Apple, Orange, Tea Leaf, Served & Processed Packaged Food, etc. are responsible for the rise in index. However, this increase was mostly checked byvegetables putting downward pressure on the index.

At centre level,Jamshedpur and Sangrurrecorded maximum increaseof 3.0points each.Among others, 4centres observed an increase between 2 to 2.9 points, 22 centres between 1 to 1.9 points and 45centres between 0 to 0.9 points.On the contrary, Doom-DoomaTinsukiarecorded a maximum decrease of 3.2 points. Among others, 2centres observed a decline between 2.0 to 2.9 points, another 2 centres between 1 to 1.9 points and remaining 10centres between 0 to 0.9 points.

Year-on-year inflation for the month stood at 5.64 per cent compared to 4.48 per cent for the previous month and 5.50 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 5.36per cent against 4.64 per cent of the previous month and 6.67per cent during the corresponding month a year ago.

 

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

Consumer Price Index for Industrial Workers (2016=100) – March, 2021

All-India Group-wise CPI-IW for February and March, 2021

Sr. No. Groups Feb.2021 Mar.2021
I Food & Beverages 117.9 118.0
II Pan, Supari, Tobacco & Intoxicants 135.8 136.5
III Clothing & Footwear 118.4 118.7
IV Housing 115.2 115.2
V Fuel & Light 142.0 149.2
VI Miscellaneous 117.6 118.1
  General Index 119.0 119.6

 

*Rounded upfrom second decimal place.

CPI-IW: Groups Indices

Consumer Price Index for Industrial Workers (2016=100) – March, 2021

 

Speaking about the latest index, Minister of State (I/C) for Labour and EmploymentShri Santosh Gangwar said the rise in index will result into increased wages of working class population by way of increase in dearness allowance payable to them. The rise in inflation reported during March, 2021 is mainly due to rise in prices of Petroleum products and Edible Oils.

Director General of Labour BureauShri DPS Negisaid “The rise in inflation during March, 2021 has been observed across the board in respect of various price indices released by other Government agencies.

Shri Negi, further elaborated that rise is mainly due to, Fuel & Light, Miscellaneous and Food & Beverages items like Cooking Gas, Petrol, Poultry Chicken, Edible Oils, Apple, Tea Leaf, Served & Processed Packaged Food, etc. which experienced rise in prices.

The next issue of CPI-IW for the month of April, 2021 will be released on Monday31stMay, 2021. The same will also be available on the office website www.labourbureaunew.gov.in.

Labour Bureau, an attached office of the M/o Labour& Employment, is releasing Consumer Price Index for Industrial Workers (CPI-IW) on Base: 2016=100 for the month of March, 2021. The All-India Index for March, 2021 stood at 119.6 compared to 119.0 for February, 2021. The rate of inflation increased during the month to5.64 per cent from 4.48 percent in the previous month.

Labour Bureau, inter-alia, compiles and releases CPI-IW every month. It is primarily used for measuring Dearness Allowance (DA) payable to government employees and pensioners and workers in the organized sector.

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