All-India Consumer Price Index for Industrial Workers (AICPIN) - October 2024

All-India Consumer Price Index for Industrial Workers (AICPIN) - October 2024

The Labour Bureau has released the All-India Consumer Price Index for Industrial Workers (AICPIN) for October 2024. The index stands at 144.5, with a base year of 2016=100. This benchmark is crucial for tracking inflation and determining economic indicators such as Dearness Allowance (DA) for government employees and pensioners.

Key Highlights:

• AICPIN Value: 144.5, up from 143.3 in September 2024
• Base Year: 2016=100
• DA Percentage (Post-October): 55.42%
• Release Date: 05th December 2024

Purpose and Impact:

The AICPIN plays a critical role in assessing inflation trends, revising wages, and calculating DA for millions of industrial workers and government employees. The index reflects regional price fluctuations across 88 centers in India.

Regional Variations:

Notable AICPIN values include:

• Delhi: 136.4
• Mumbai: 134.3
• Chennai: 143.4
• Kolkata: 149.8
• Guntur: 153.7

These variations are influenced by local factors such as commodity availability, transportation costs, and regional consumption patterns.

Significance of AICPIN:

The AICPIN is a vital economic tool that drives critical decisions across sectors:

Government: DA and wage revisions

Private Sector: Salary benchmarking and inflation tracking

Public: Insights into cost-of-living trends

Conclusion:

The release of the AICPIN for October 2024, with a value of 144.5, has led to a revised DA percentage of 55.42%. This marks an essential milestone for economic analysis and planning in India.