AICPIN Index Feb 2023

AICPIN Index February 2023

The All-India Consumer Price Index for Industrial Workers (AICPIN) is a tool used to measure expenses related to everyday goods and services used by industrial workers in India, including food, housing, clothing, and fuel.

The Indian government considers AICPIN scores when determining the Dearness Allowance (DA) granted to workers to counteract the impact of inflation on their salaries. The next AICPIN report is set to release on March 31, 2023, covering February 2023.

As per the most recent data available, it shows a 0.5 point increase that resulted in a 0.38% upsurge from the previous month and a 0.24% decrease compared to the same time the previous year. The official Labour Bureau website provides access to this information.

AICPIN is of significant importance to investors, policymakers, and economists as a reliable indicator of inflation in India.