Consumer price for industrial workers
There are different consumer price indices compiled by different organizations for different segments of consumers namely, industrial workers(IW), Agricultural Labourers (AL) and Rural Labourers (RL), CPI for Rural, Urban and combined.
Consumer Price Index Numbers for Industrial workers:
At all India level the Labour Bureau, Chandigarh/Simla has been compiling the CPI-IW with base 2001=100.theindexisreleasedevery month (on the last working day of the following month) for each of the selected 78 centers at all India level. In theState, the following 3 centers have selected as a central series centers.
- 1. Hyderabad
- 2. Warangal
- 3. Godavarikhani
On par with Central Series, the Directorate also compiled the CPI-IW with same base year 2001=100 for the following 3 complex centres:
- 1.Miryalaguda
- 2.Kothagudem
- 3.Nizamabad
SOURCE AND METHODS:
The D.E. & S., is collecting and compiling index every month on weekly and monthly basis.
Release of Index : Index of the state series is released on a monthly basis.
- 1. Estimation of GSDP and DDP under service sector .
- 2. Regulation of Dearness Allowance in respect of all the workers and employees belonging to private and public sectors Industries as well as Central and State Government employees.
- 3. The Govt. of Telangana State fixes and revises the minimum rates of wages in 61 scheduled employments under Part I, and 8 scheduled employments under Part II, under Minimum ages Act 1948., The Commissioner of Labour notifies the average Consumer Price Index Numbers of existing 6 centers (3 Central series & 3 state series) on 1st April and 1st October every year.
- 4. Working out point-to-point Inflation Rates
- 5. General Inflation and Food Inflation can be measured.
USAGE of Index
- 1. Estimation of GSDP and GDDP under service sector.
- 2. Regulation of Dearness Allowance in respect of all the workers and employees belonging to private and publ ic sectors Industries as well as Central and State Government employees.
- 3. Fixation and Revision of minimu m wages under the Minimum Wages Act. The Govt. of Telangana State fixes and revises the minimum rates of wages in 61 scheduled employme nts under Part I, and 8 scheduled employments under Part II, under Minimum Wages Act 1948. The Commissioner of Labour notifies the average Consumer Price Index Numbers of existing 6 centers (3 Central series & 3 state series) on 1st April and 1st October every year.
- 4. Working out point-to-point Inflation Rates
USAGE of Data
The minimum basic rates of wages fixed are linked to the Consumer Price Index Numbers for the Agricultural workers. The Commissioner of Labour notifies the Cost of Living Allowance for every six months on 1st April and 1st October of the calendar year.
For this purpose, the average rise in the State Agricultural workers Consumer Price Index numbers for the half year ending with December and June respectively shall be taken into account.
a) General Index : The All–India Consumer pric e Index Numbers (Base: 1986- 87=100) for Agricultural Laborers and Rural Labourers for January’2016 are 849 points and 854 points respectively
b) GENERAL INFLATION : The point to point rate of inflation based on
- 1. CPI-RL decreased from 5.80% in December, 2015 to 5.69% in January,2016.
- 2. CPI-AL increased from 5.70% in December,2015 to 5.60% in January,2016
