Friday, 31 December 2010

All India Consumer Price Index Numbers – Inflation is 8.330% for the Month of November, 2010

8.33% increase in inflation  recorded as All India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of November, 2010 increased by one  point and reached 182.

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% in September, 2010 the Consumer Price Index was 9.82%, and in October, 2010 it was 9.7%. 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

1. Ahmedabad             –          180

2. Bangalore                -           183

3. Chennai                   –          165

4. Delhi                       –          168

5. Kolkata                   –          177

6. Mumbai                   –          182

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

As per the consumer price index the D.A calculation is as follows from July. 2010 to November, 2010

Months           AICPIN          DA%

July-10            178                  46.35%

Aug-10            178                  47.50%

Sep-10             179                  48.66%

Oct-10             181                  49.81%

Nov-10            182                  50.81%

But this month the prices of essential commodities especially vegetables have increased a lot and the Consumer price index and D.A will be increased.

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2 comments :

  1. [...] 9.88% in September, 2010 the Consumer Price Index was 9.82%, in October, 2010 it was 9.7% and in November, 2010 it was 8.33%. This index rate is calculated on the basis of the price difference of essential [...]

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  2. [...] All India Consumer Price Index Numbers – Inflation is 8.330% for the Month of November, 2010 8.33% increase in inflation  recorded as All India Consumer Price Index Numbers for Industrial [...]

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