AICPIN for September 2020 – LABOUR BUREAU
Labour Bureau, inter-alia, compiles and releases CPI-IW every month. This index is utilized primarily for measuring Dearness Allowance (DA) payable to workers in the organized sector including PSUs, Banks and Insurance companies besides Govt. employees.
Consumer Price Index for Industrial Workers Base Year 2016=100 is started from the month of September 2020
The All India index for the month of September, 2020 stands at the level of 118 and linking factor for the conversion of new series index to previous series on base 2001=100 is 2.88.The CPI-IW (2016=100) series replaces the CPI-IW (2001=100) series. The new series is more representative in character and reflects the latest consumption pattern of the industrial workers.
As per the new release of ‘AICPIN BY 2016=100’, the maiden index with base year 2016 for the month of September 2020 is stands at 118 points. And the linking factor for the conversion of new series index to previous series on base 2001=100 is 2.88.
READ ALSO: DA Calculation with New Series of AICPIN 2016
AICPIN 2016 is 118
AICPIN for September 2020: 118 x 2.88 = 340 (339.84)
New AICPIN Base Year 2016=100
- AICPIN September 2020 – 118 Points
READ ALSO: AICPIN New Series 2016=100 for September 2020
READ ALSO: Dearness Relief for RBI Pensioners 1.60% increase from August 2020 to January 2021
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