AICPIN for the month of June 2021

AICPIN for the month of June 2021

The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis ofretail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of June, 2021 is being released in this press release.

The All-India CPI-IW for June, 2021increased by 1.1 points and stood at 121.7 (one hundred twenty-one and point seven). On 1-month percentage change, it increased by 0.91 per cent with respect to previous month compared to an increase of 0.61 per cent recorded between corresponding months a year ago.

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The maximum upward pressure in current index came from Food & Beverages group contributing 0.72 percentage points to the total change. At item level, Rice, Fish Fresh, Poultry/Chicken, Eggs-Hen, Edible Oil, Apple, Banana, Brinjal, Carrot, Cauliflower, French Beans, Onion, Potato, Tomato, Tea-leaf, Electricity Domestic, Kerosene Oil, Barber/Beautician charges, Doctor’s/Surgeon’s Fee, Petrol for Vehicle, etc. are responsible for the rise in index. However, this increase was largely checked byArhar Dal, Coconut Fresh with Pulp, Mango, Pomegranate/Anar, Water Melon, Lemon, Tamarind, etc. putting downward pressure on the index.

At centre level, Shillong recorded maximum increase of 6.2 points followed by Puducherry and Bhopal with 3.5 points and 3.1 points respectively.Among others,13 centres observed an increase between 2 to 2.7 points, 30 centres between 1 to 1.9 points and 32 centres between 0.1 to 0.9 points.On the contrary, Indore recorded a maximum decrease of 1.1 points. Among others, 7 centres observed a decline between 0.1 to 0.7 points. Rest of 2 centres remained stationary.

Shri DPS Negi, Senior Labour and Employment Advisor & Chief Labour Commisioner (Central) said in a tweet message that the rise in Index during June, 2021 is in line with all other consumer price indices compiled and released by different agencies in the country and the rise in prices of Food & Beverages and Fuel items are responsible for increase in index. “Increase in wages will provide some respite to working class families who have witnessed many hardships during the Lockdown period.”MrNegi further stated.

Year-on-year inflation for the month stood at 5.57 per cent compared to 5.24 per cent for the previous month and 5.06 per cent during the corresponding month a year before. Similarly, Food inflation stood at 5.61 per cent against 5.26 per cent of the previous month and 5.49per cent during the corresponding month a year ago.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for May and June, 2021

CPI-IW: Groups Indices

The next issue of CPI-IW for the month of July, 2021 will be released on Tuesday31st August, 2021.

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