Labour Bureau Consumer Price Index for Feb 2023
The All-India Consumer Price Index for Industrial Workers (AICPIN) monitors the fluctuations in average prices of goods and services that are typically purchased by industrial workers across India. The index is computed based on a collection of essential commodities, including food, clothing, housing, and fuel.
The Indian government leverages the data obtained from the AICPIN to modify the Dearness Allowance, which is provided to employees in response to rising inflation. The update on the AICPIN report for February 2023 is scheduled to be released on March 31, 2023.
According to the latest reading for February 2023, there was a 0.5 point increase from the preceding month, indicating a rise of 0.38%, and a fall of 0.24% from the same month last year. You can access this reading on the official Labour Bureau website. Given its significance, policymakers, economists, and investors keep a keen eye on the AICPIN as an essential metric for gauging inflation in India.
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