AICPIN Base Year 2016 for September 2020 is 118 Points
The new series of CPI(IW) with base 2016=100 will replace the existing series with base 2001=100.
The new series of Consumer Price Index for Industrial Workers Base Year 2016=100 is started from the month of September 2020
Minister of State (I/C) for Labour & Employment Shri Santosh Kumar Gangwar, in the presence of Shri Apurva Chandra, Secretary L&E and Shri DPS Negi, Senior Labour & Employment Advisor and Director General, Labour Bureau released the new series of Consumer Price Index for Industrial Worker (CPI-IW) with base year 2016, being compiled and maintained by Labour Bureau, an attached office of Ministry of Labour & Employment. The new series of CPI(IW) with base 2016=100 will replace the existing series with base 2001=100.
Shri Gangwar also released the maiden index with base year 2016 for the month of September, 2020. The Index is compiled for 88 centres and All India. 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.
The series of AICPIN is an important aspect to calculate Dearness Allowance and Dearness Relief for Central Government employees and Pensioners respectively.
AICPIN for September 2020: 118 x 2.88 = 340 (339.84)
READ ALSO: Revised Index for CPI-IW Based on New Series 2016=100 from the Existing 2001=100
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