Saturday, 29 September 2012

AICPIN (IW) for the month of August 2012 is 214

AICPIN (iw) for August 2012 is 214All India Consumer Price Index Number (AICPIN-IW) for the month of August 2012 increased by 2 points from July 2012 and reached 214. In the month of July there was a 4 point increase in AICPIN (IW) when compare with June 2012.

The biggest upward contribution to the change in the current index came from food prices that rose by 1.24 per cent, contributory 1.31 percentage points to the entire difference. The main increase AICPIN(IW) recorded by the increase in cost of Sugar, Arhar Dal, Wheat & Wheat Atta, Rice, Potato, Mustard and edible oil, Milk Buffalo, Banana, Goat Meat, Onion, medication (Allopathic) and personal Tuition Fee.

The largest decrease is the price of Vegetables and Fruits with a decline of 2.72 per cent, causative (-) 0.42 percentage points to the entire change.

The largest increase of 9 points recorded in Giridih followed by Ludhiana and 8 points, Asansol and Rourkela (7 points each) and Bhopal and Chhindwara (6 points each). Four centers have 5 point increase and 8 centers recorded four points increase. Three points increase in thirteen centers, 2 points in ten centers and one point increase in fifteen centers. Mysore centre according a decline of vi points followed by Bengluru centre with five points, Guwahati with 2 points and seven centers registered a fall of one point every. Remainder of the twelve centers indices remained stationary.

The indices of thirty-nine centers are higher than All-India Index and thirty seven centers indices are under the national average. The changes in 2 centers viz. Vijayawada and Tiruchirapally are same as AICPIN.

AICPIN has a great impact in the cost of living and the Dearness allowance for government employees are determine on the basis of AICPIN. (See how to calculate D.A) Recently the Union Cabinet declared an additional D.A of 7% with effect from 01st July 2012. This is calculated on the basis of average AICPIN from Jan 2012 to June 2012. The order is just released.

The next AICPIN for the month of Sept, 2012 will be released on Wed, October 31, 2012.

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  1. [...] Workers for the month of December 2012 recorded as 219 points. This is just one point rise from the AICPIN (IW) of November 2012. The percentage change in one month is 0.46 % between November and December [...]