Wednesday, 1 December 2010

All India Consumer Price Index Numbers - Inflation is 9.70% for the Month of October, 2010

9.70% increase in inflation  recorded as All India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of October, 2010 increased by two  points and reached 181.

This Consumer Price Index is calculated on the basis of the index price in 2001 is 100 and in July, 2010 it was 11.25%, in August 2010 it was 9.88% and in September, 2010 the Consumer Price Index was 9.82%. This index rate is calculated on the basis of the price difference of essential things like Rice, Wheat Atta, Mustard Oil, Chillies , Clothing, Turmeric powder, vegetable, fish etc. etc.

The Indices in respect of the six major centers are as follows

Ahmadabad                          -         178
Bangalore                             -          184
Chennai                                -          162
Delhi                                      -          168
Kolkata                                 -          177
Mumbai                               –           181


The difference in consumer price index influences the cost of living. So the Dearness allowance etc. is calculated without he difference of price index. Dearness allowance  (July and January) is calculated on the basis of averages consumer price index for the last six months.

The Trend in Consumer price index shows that the next D.A increase for central government employees also may be 10% from Janaury 2011.

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