CrackitToday App

Consumer Price Index For Industrial Workers (CPI-IW):

Kumari Sonali

Consumer Price Index For Industrial Workers (CPI-IW):

The Labour Bureau under the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month.

Inflation for the month of May, 2024 moderated to 3.86% as compared to 4.42% in May, 2023.

  • The CPI-IW is mainly used for determining dearness allowance (DA) paid to central/state government employees and workers in the industrial sectors besides measuring inflation in retail prices, fixation and revision of minimum wages in scheduled employment.
  • The CPI has several sub-groups including food and beverages, fuel and light, housing and clothing, bedding and footwear.

...Read more on our test console

...Read these too

  • Gig Workers

    Gig Workers: Concerned at the lack of job and social security among gig and platform workers, the Centre has decided to train officials of the Union and State governments on…

  • Wholesale Price Index

    Wholesale Price Index: Inflation in India’s wholesale prices rose to a 13-month high of 1.26% in April, owing to an uptick in food inflation and a 1.4% year-on-year rise in…

  • Industrial Corridors Scheme

    Industrial Corridors Scheme: The Asian Development Bank (ADB) and the Government of India signed a USD 484 million loan for the Tamil Nadu Industrial Connectivity Project. The loan is to…