Find the current month (March 2021) All India Consumer Price Index Number, Check AICPIN table for CPI numbers of any month for industrial workers and calculate new IDA rates as per the formula…
Consumer Price Index
AICPIN is the statistical number factor that helps in determining many things in the economic sector, All India Consumer Price Index Numbers, even so-called as the Consumer Price Index for Industrial Workers (Base Year 2016=100).
Where can you find AICPIN?
In order to find item wise AICIPIN details, you can simply head over to the Indian government’s website data.gov.in, and you will find all the details, However, to make it easy for you, you can get the month-wise and price index number details for the current and old months for commercial and non-commercial at this website.
From the website, choose the month and then select the download type, and you can download the file in multiple formats like XML, JSON, XLS, and so on. Simply choose your preferred option, and select the purpose for downloading the file for list of item wise index numbers.
Also, you should know that Consumer Price Indices (CPI) measure changes over time in the general level of prices of goods and services that households acquire for the purpose of consumption, and the AICPIN in the table are widely used as a tool by governments and central banks for different purposes and how the economy is performing in the current situation.
AICPIN Table for Month Wise Consumer Price Index Numbers
118 (Base year 2016)
CPI(W) or Price Index Number as per old series can be obtained by multiplying the index numbers on the new base 2016=100 by the linking factor 2.88 and rounding off the result to the nearest whole number. EX:- 119*2.88=343
After releasing of the above Consumer price index numbers by the labour bureau of India, one can know the AICPIN numbers (as per the new CPI for industrial workers) in the table and then calculate the new CDA rates applicable for Central Government Employees and IDA rates for PSU Employees which to be revised against employees salary.