December 2023 CPI-IW Released: All-India Index Declines to 138.8

The Labour Bureau has recently released the Consumer Price Index for Industrial Workers (CPI-IW) for December 2023. The All-India CPI-IW experienced a decrease of 0.3 points, reaching 138.8. This decline is attributed to a 0.22% decrease in the one-month percentage change compared to the previous month and a 0.15% decrease compared to the same month last year.

The primary contributing factor to this decrease was the Food & Beverages group, accounting for a 0.45 percentage point reduction. Items such as Rice, Poultry/Chicken, Mustard Oil, and various vegetables played a role in the decline, offset by the positive impact from items like Wheat, Buffalo Milk, and other goods.

At the center level, Coimbatore saw the maximum decrease of 4.7 points, while Solapur recorded the highest increase of 1.5 points. The year-on-year inflation for December stood at 4.91%, with Food inflation at 8.18%. The group-wise CPI-IW for November 2023 and December 2023 indicates fluctuations in different categories, with the General Index declining from 139.1 to 138.8.

Y-o-Y Inflation based on CPI-IW (Food and General)

All-India Group-wise CPI-IW for November, 2023 and December, 2023

CPI-IW: Groups Indices

The subsequent CPI-IW report for January 2024 is slated for release on February 29, 2024, and will be accessible on the official website www.labourbureau.gov.in.