Saturday, 4 February 2017

WHY THE COST OF LIVING HAS COME DOWN? CHQ explains.

01/02

Labour Bureau of India is the authority to compile the data received from various centres through the National Sample Survey Organization and prepare the Indices for various categories.NSSO people collect the price of several items from different shops in 78 cities and towns in India. The average index for 12 months in 2001 is taken as 100 points for fixing Index.
Based on the above Index of 2001=100 points the All India Consumer Price Index for Industrial Workers (AICPIW)
... ... ... for October was 278 points.
... ... ... for November was 277 points
... ... ... for December it is 275 points.
Labour Bureau has released the figures for all the 78 centres, as usual. When compared the figures for November and December 2016, it is seen that the Index has increased in few cases like:
Mysore, Karnataka: from 281 to 283 (November to December)
Ernakulam: from 269 to 272
Mundakayam (Kerala) from 282 to 285
Quilon in Kerala from 297 to 303.
The Index has come down in most of the centres. Few examples are given below (November to December):
Munger, .... 308 to 302
Bhilai ... ...... 313 to 308
Vadodara .... 267 to 258
Nagpur .... .... 311 to 303
Rourkela .... 300 to 290
Lucknow ....... 279 to 271
This has affected the rate of CDA. This will have impact on our IDA effective from April 2017 also.

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