• UGI USER
  • May 23, 2024
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“CONCERNS RAISED OVER DELAY IN PUBLISHING CONSUMER PRICE INDEX DATA”

Why in the news?

  • The Centre of Indian Trade Unions (CITU) is questioning the delay in publishing the All India Consumer Price Index for Industrial Workers (AICPI-IW) for February and March.
  • CITU is urging the Labour Ministry to release the AICPI-IW data promptly, as it’s crucial for regulating wages and policy formulations.
Source:KeyDiffer

About All India Consumer Price Index:

  • Measures price changes from the perspective of retail buyers.
  • Released by the National Statistical Office (NSO).
  • Calculates price differences of commodities and services like food, medical care, education, electronics, etc., bought by Indian consumers.
  • Base year for CPI is 2012.
  • New series of CPI for Industrial Worker (CPI-IW) introduced with base year 2016.

Types of CPI:

  • CPI for Industrial Workers (IW)
  • CPI for Agricultural Labourer (AL)
  • CPI for Rural Labourer (RL)
  • CPI (Rural/Urban/Combined)
Centre of Indian Trade Unions (CITU):

  • Founded: 1970
  • Headquarter: New Delhi
  • Affiliation: Aligned with the Communist Party of India
  • Plays a significant role in the Indian labor movement.
  • Represents workers across various industries, including agriculture, construction, manufacturing, and transportation.
  • Advocates for workers’ rights, improved working conditions, wages, and benefits.