AICPIN for the month of May 2021
Consumer Price Index for Industrial Workers (2016=100) – May, 2021
- All-India Consumer Price Index for Industrial Workers (2016=100) for May, 2021 increased to 120.6 points compared to 120.1 points for April 2021.
- The increase observed in index is mainly due to Food & Fuel items like Rice, Arhar Dal, Masur Dal, Fish Fresh, Goat Meat, Eggs-Hen, Edible Oil, Apple, Banana, Jamun, Papaya, Potato, Tomato, Brinjal, Cabbage, French Bean, Garlic, Onion, Sugar White, Tea-leaf, Cooking Gas, Kerosene Oil, Petrol, etc. which experienced an increase in prices.
- Inflation for May, 2021 went up to 5.24 per cent compared to 5.14 per cent of previous month. Similarly, Food inflation also increased to 5.26 per cent from 4.78 per cent in the previous month.
The All-India CPI-IW for May, 2021 increased by 0.5 points and stood at 120.6 (one hundred twenty and point six). On 1-month percentage change, it increased by 0.42 per cent with respect to previous month compared to an increase of 0.30 per cent recorded between corresponding months a year ago.
The maximum upward pressure in current index came from Food & Beverages group contributing 0.35 percentage points to the total change. At item level, Rice, Arhar Dal, Masur Dal, Fish Fresh, Goat Meat, Eggs-Hen, Edible Oil, Apple, Banana, Jamun, Papaya, Potato, Tomato, Brinjal, Cabbage, French Bean, Garlic, Onion, Sugar White, Tea-leaf, Cooking Gas, Kerosene Oil, Mobile Telephone Charges, Petrol, etc. are responsible for the rise in index. However, this increase was mostly checked by Leechi, Mango, Water Melon, Bitter Gourd, Lady’s Finger, Lemon, Parwal, Torai, Tamarind, etc. putting downward pressure on the index.
At centre level, Coonoor recorded maximum increase of 4.1 points followed by Udham Singh Nagar with 3.6 points. Among others, 4 centres observed an increase between 2 to 2.9 points, 18 centres between 1 to 1.9 points and 41 centres between 0.1 to 0.9 points. On the contrary, Bhilwara recorded a maximum decrease of 1.2 points followed by Amritsar with 1 point. Among others, 17 centres observed a decline between 0.1 to 0.9 points. Rest of 4 centres remained stationary.
Year-on-year inflation for the month stood at 5.24 per cent compared to 5.14 per cent for the previous month and 5.10 per cent during the corresponding month an year before. Similarly, Food inflation stood at 5.26 per cent against 4.78 per cent of the previous month and 5.88 per cent during the corresponding month an year ago.
Y-o-Y Inflation based on CPI-IW (Food and General)
All-India Group-wise CPI-IW for April and May, 2021
|Sr. No.||Groups||Apr, 2021||May, 2021|
|I||Food & Beverages||119.1||120.0|
|II||Pan, Supari, Tobacco & Intoxicants||137.3||137.8|
|III||Clothing & Footwear||119.0||119.0|
|V||Fuel & Light||148.7||148.9|
CPI-IW: Groups Indices
The next issue of CPI-IW for the month of June, 2021 will be released on Friday 30th July, 2021. The same will also be available on the office website www.labourbureaunew.gov.in.
While releasing the index, Minister of Labour & Employment Shri Santosh Gangwar said that the rise in index will result into increased wages of working Class population by way of increase in dearness allowance payable to them.
Shri Gangwar also said that Increase in wages will provide respite to working class families who have witnessed many hardships during the Lockdown period due to COVID. Shri DPS Negi Director General, Labour Bureau said that the rise in Index during May, 2021 is in line with all other price indices compiled and released by different agencies in the country and Marginal increase in annual inflation has, however, been observed during the month due to increase in prices of Food and Fuel items which is also in line with other price indices.
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.