All India Consumer Price Index Number for the month of February 2023
AICPIN Feb 2023 Press Release
Consumer Price Index for Industrial Workers (2016=100) – February, 2023: The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail 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 February, 2023 is being released in this press release.
The All-India CPI-IW for February, 2023 decreased by 0.1 point and stood at 132.7 (one thirty two point seven) points. On 1-month percentage change, it decreased by 0.08 per cent with respect to previous month. A decrease of 0.08 per cent was recorded between corresponding months a year ago too.
The maximum downward pressure in current index came from Food & Beverages group contributing 0.1 percentage point to the total change. At item level, Cabbage, Cauliflower, Brinjal, Carrot, Onion, Potato, Peas, French-bean, Drum Stick, Kundru, Grapes, Sunflower Oil, Soyabean Oil, Mustard Oil, Poultry/Chicken, Eggs-hen and Fish Fresh etc. are responsible for the fall in index. However, this decrease was checked by Rice, Wheat, Wheat Atta, Buffalo Milk, Cow Milk, Pure Ghee, Garlic, Gourd, Lady’s finger, Parwal, Cumin Seed/Jira, Apple, Banana, Mango, Country liquor, Foreign liquor and Medicine Allopathic, etc. putting upward pressure on the index.
At centre level, Raniganj, Jalpaiguri and Puduchery recorded a maximum decrease of 1.8 points each. Among others, 5 centres recorded decrease between 1 to 1.4 points and 32 centres between 0.1 to 0.9 points. On the contrary, Amritsar recorded a maximum increase of 3.1 points. Among others, 7 centres recorded increase between 1 to 1.9 points and 37 centres between 0.1 to 0.9 points. Rest of 3 centres’ indices remained stationary.
Year-on-year inflation for the month stood at 6.16 per cent compared to 6.16 per cent for the previous month also and 5.04 per cent during the corresponding month a year before. Similarly, Food inflation stood at 6.13 per cent against 5.69 per cent of the previous month and 5.09 per cent during the corresponding month a year ago.
CPI (IW) BY 2016=100 Labour Bureau Points for Feb 2023
The All-India Consumer Price Index for Industrial Workers (AICPIN) indicates the average price changes of goods and services consumed by industrial workers in India. The AICPIN is calculated based on a basket of goods that includes food, clothing, housing, fuel, and other essentials.
The AICPIN points are used by the Indian government to adjust the Dearness Allowance (DA) paid to employees to address the impact of inflation on their salaries. The AICPIN report for February 2023 will be released on Friday, March 31, 2023, and we will provide an update once the report is available.
The latest reading for February 2023 reveals an increase of 0.5 points, representing a rise of 0.38 per cent from the previous month and a decrease of 0.24 per cent from the same month last year. This reading is available on the official Labour Bureau website. The AICPIN is an important indicator of inflation in India, and it is closely monitored by policymakers, economists and investors.