Expected AICPIN December 2024
Based on the AICPIN value of 144.5 for November 2024 and the trends observed in previous months, the expected AICPIN for December 2024 may likely to show a marginal increase or remain stable, depending on factors such as seasonal price changes (e.g., food prices during winter) and market stability.
Historically, December often reflects minor fluctuations due to year-end adjustments in commodity prices. A reasonable expectation would place the December 2024 index slightly above 144.5, potentially around 145.0–145.3, assuming no major economic disruptions.
The Labour Bureau will release the exact value at the end of the month based on collected retail prices, which will play the 100% role in calculation of confirmed CDA rates and PSU IDA rates along with most required expected IDA before the announcement of 3rd month price index numbers.
AICPIN stands for the All India Consumer Price Index Number applicable for Industrial workers and AICPIN for November 2024 released on January 6th 2025, and it is an index that measures the changes in the price level of a basket of consumer goods and services purchased by households.
The AICPIN is used to monitor inflation in India and is published monthly by the Labour Bureau of the Ministry of Labour and Employment. The index is essential for various economic purposes, including adjusting wages, pensions, and other payments to account for inflation.
It helps in understanding the cost of living and the purchasing power of the rupee over time. The AICPIN is used by policy makers, businesses, and researchers to analyze economic trends and make informed decisions.
AICPIN for November 2024
The All-India Consumer Price Index for Industrial Workers (CPI-IW) for November 2024 stood at 144.5, reflecting as stable over the previous month. This rise is attributed to higher prices of essential commodities such as vegetables, cereals, and clothing, offset partially by a decline in fuel prices.
AICPIN Table
The AICPIN table presents monthly inflation figures, and with this, you and me may know the variations in the cost of living, So, let’s check the AICPIN values month wise
| Month / Year | New CPIN | AICPIN Increase / Decrease | Old CPI | Increase /Decrease |
|---|---|---|---|---|
| October 2024 | 144.5 | 1.2 | 416.16 | 3.456 |
| September 2024 | 143.3 | 0.7 | 412.704 | 2.016 |
| August 2024 | 142.6 | -0.1 | 410.688 | -0.288 |
| July 2024 | 142.7 | 1.3 | 410.976 | 3.74 |
| June-2024 | 141.4 | 1.5 | 407.232 | 4.32 |
| May-2024 | 139.9 | 0.5 | 402.912 | 1.44 |
| April-2024 | 139.4 | 0.5 | 401.472 | 1.44 |
| March 2024 | 138.9 | -0.3 | 400.032 | -0.864 |
| February 2024 | 139.2 | 0.3 | 400.896 | 0.864 |
| January 2024 | 138.9 | 0.1 | 400.032 | 0.288 |
How to Find Consumer Price Index Number
Finding the Consumer Price Index (CPI) number involves several steps:
- Base Year: Assume the base year is 2016 and the base year index is 100.
- Basket of Goods: Assume the basket includes items like rice, wheat, clothing, housing rent, etc.
- Data Collection: Collect prices from markets across India for each item.
- Price Relatives: Calculate the price relatives for each item.
- Weighting: Assign weights to each item based on expenditure patterns.
- Index Calculation: Use the formula to compute the AICPIN.
AICPIN Calculator
The Formula to Calculate AICPIN is as below with an example for easy understanding, Let’s check
AICPIN=(Price Relative×Weight)/(Weight)
Example Values for AICPIN Calculation
Item: Rice
- Current Price: ₹40/kg
- Base Year Price: ₹30/kg
- Weight: 0.20
Price Relative: (40/30)×100=133.33
Item: Wheat
- Current Price: ₹25/kg
- Base Year Price: ₹20/kg
- Weight: 0.15
Price Relative: (25/20)×100=125
Item: Clothing
- Current Price: ₹500/unit
- Base Year Price: ₹400/unit
- Weight: 0.10
Price Relative: (500/400)×100=125
Consumer Price Index Calculation formula
AICPIN=[(133.33×0.20)+(125×0.15)+(125×0.10)]/0.20+0.15+0.10=26.67+18.75+12.500.45=129.33
This simplified example shows how the AICPIN is calculated. The actual process involves a larger basket of goods and a more comprehensive data collection process.
For more detailed and official information, you can refer to the Labour Bureau and publications from the Ministry of Labour and Employment.
Labour Bureau Calender for Release of CPI Numbers
The Labour Bureau’s calendar of events as mentioned below for the release of Consumer Price Index (CPI) numbers outlines key dates for the publication of inflation statistics.
| CPI Month | AICPI-IW Release Date | CPI Numbers for Agricultural & Rural Labourers Release Date |
|---|---|---|
| January 2024 | 29-02-2024 | 20-02-2024 |
| February 2024 | 28-03-2024 | 20-03-2024 |
| March 2024 | 30-04-2024 | 19-04-2024 |
| April 2024 | 31-05-2024 | 20-05-2024 |
| May 2024 | 28-06-2024 | 20-06-2024 |
| June 2024 | 31-07-2024 | 19-07-2024 |
| July 2024 | 30-08-2024 | 20-08-2024 |
| August 2024 | 30-09-2024 | 20-09-2024 |
| September 2024 | 30-10-2024 | 18-10-2024 |
| October 2024 | 29-11-2024 | 20-11-2024 |
| November 2024 | 31-12-2024 | 20-12-2024 |
| December 2024 | 31-12-2024 | 20-01-2024 |
These above dates are crucial for tracking changes in the cost of living and economic conditions. The calendar helps the release of updated All India Consumer Price Index (CPI) data for October 2024 and assess its impact on financial and policy decisions.