Consumer price index
New Series of Consumer Price Index Numbers for Industrial Workers on base 2001=100
1. OBJECTIVE
Labour Bureau, since its inception, has, inter-alia, been entrusted with the responsibility of compilation and maintenance of the Consumer Price Index Numbers for Industrial Workers (CPI-IW). The CPI-IW purports to measure the temporal change in the retail prices of fixed basket of goods and services being consumed by the target group i.e. an average working class family and thus, is an important indicator of the retail price situation in the country. The CPI-IW is mainly used for the determination of dearness allowance being paid to millions of Central/State Government employees as also to the workers in the industrial sectors besides fixation and revision of minimum wages in scheduled employments. The main objective of the CPI-IW (new series) was to update the base year of the previous series of Consumer Price Index Numbers for industrial workers (Base 1982=100) to 2001=100.
2. MAIN CONSTITUENTS
Three most important constituents of the CPI-IW are the centre specific weighting diagrams, the retail price data and the house rent data.
A. Updation of Weighting diagrams (I) Conduct of Income & Expenditure Survey: The field staff of the National Sample Survey Organisation (NSSO) through a detailed questionnaire collected the income and expenditure data in order to reflect the change in the consumption pattern of the working class population at all the 78 selected centres across the country during 1999-2000 under the overall guidance and supervision of the Labour Bureau. Detailed instructions were issued by the Labour Bureau for canvassing of schedules by the field staff in order to ensure uniformity in collection of data having emphasis on its accuracy. Besides, extensive training was imparted to the Officers/Officials of the NSSO at different places by the Labour Bureau before the launch of the actual work. (II) Scrutiny of
1. OBJECTIVE
Labour Bureau, since its inception, has, inter-alia, been entrusted with the responsibility of compilation and maintenance of the Consumer Price Index Numbers for Industrial Workers (CPI-IW). The CPI-IW purports to measure the temporal change in the retail prices of fixed basket of goods and services being consumed by the target group i.e. an average working class family and thus, is an important indicator of the retail price situation in the country. The CPI-IW is mainly used for the determination of dearness allowance being paid to millions of Central/State Government employees as also to the workers in the industrial sectors besides fixation and revision of minimum wages in scheduled employments. The main objective of the CPI-IW (new series) was to update the base year of the previous series of Consumer Price Index Numbers for industrial workers (Base 1982=100) to 2001=100.
2. MAIN CONSTITUENTS
Three most important constituents of the CPI-IW are the centre specific weighting diagrams, the retail price data and the house rent data.
A. Updation of Weighting diagrams (I) Conduct of Income & Expenditure Survey: The field staff of the National Sample Survey Organisation (NSSO) through a detailed questionnaire collected the income and expenditure data in order to reflect the change in the consumption pattern of the working class population at all the 78 selected centres across the country during 1999-2000 under the overall guidance and supervision of the Labour Bureau. Detailed instructions were issued by the Labour Bureau for canvassing of schedules by the field staff in order to ensure uniformity in collection of data having emphasis on its accuracy. Besides, extensive training was imparted to the Officers/Officials of the NSSO at different places by the Labour Bureau before the launch of the actual work. (II) Scrutiny of