Expected DA: 2 Points increase in May, 2019 Consumer Price Index for Industrial Workers (CPI-IW)

Expected DA: 2 Points increase in May, 2019 Consumer Price Index for Industrial Workers (CPI-IW)

No.5/1/2019-CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004

DATED: 28th June, 2019

Press Release

The All-India CPI-IW for May, 2019 increased by 2 points and pegged at 314 (three hundred and fourteen). On 1-month percentage change, it increased by (+) 0.64 per cent between April, 2019 and May, 2019 when compared with the increase of (+) 0.35 per cent between the corresponding months of previous year.

The maximum upward pressure in current index came from Food group contributing (+) 1.64 percentage points to the total change. At item level, Wheat Atta, Arhar Dal, Groundnut Oil, Poultry (Chicken), Milk Buffallo, Chillies Green, Garlic, Ginger, Onion, Banana, Brinjal, Carrot, French Bean, Green Coriander Leaves, Lemon, Potato, Tomato, Electricity Charges, Medicine-Allopathic, etc. are responsible for the increase in index. However, this increase was checked by Bitter Gourd, Coconut, Lady Finger, Mango (Ripe), Parval, Torai, Petrol, etc., putting downward pressure on the index.

View: Expected DA from July, 2019: 7th CPC – 16% or 17% and 6th CPC 163% or 164%

The year-on-year inflation based on CPI-IW stood at 8.65 per cent for May, 2019 as compared to 8.33 per cent for the previous month and 3.96 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at (+) 5.21 per cent against (+) 4.92 per cent of the previous month and (+) 1.66 per cent during the corresponding month of the previous year.

At centre level Quilon reported the maximum increase of 8 points followed by Warangal (7 points) and Godavarikhani (6 points). Among others, 5 points increase was observed in 6 centres, 4 points in another 6 centres, 3 points in 9 centres, 2 points in 17 centres and 1 point in 21 centres. On the contrary, Goa recorded a maximum decrease of 3 points followed by Ghaziabad (2 points). Among others, 1 point decrease was observed in 4 centres. Rest of the 10 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and 43 centres’ indices are below national average.

View: Expected DA – All-India CPI-IW for the month of April, 2019 – Increased by 3 points

The next issue of CPI-IW for the month of June, 2019 will be released on Wednesday, 31st July, 2019. The same will also be available on the office website www.labourbureaunew.gov.in.

Sd/-

(AMRIT LAL JANGID)

DEPUTY DIRECTOR

Source: Labour Bureau

[http://labourbureau.gov.in/Press_Note_CPI_IW_MAY_2019_EH.pdf]