AICPIN February 2023 Labour Department
The All-India Consumer Price Index for Industrial Workers, also known as AICPIN, measures the costs of goods and services that industrial workers in India normally use such as food, housing, clothing, fuel, among others.
The Indian government uses the AICPIN scores to calculate the Dearness Allowance (DA) given to workers as a way to cushion the impact of inflation on their pay.
The February 2023 AICPIN report will be released on March 31, 2023. As per the latest data available, it shows a 0.5 point increase which translates to a 0.38% increase from the last month and a 0.24% decrease compared to the same period the previous year.
This information is accessible on the official Labour Bureau website. AICPIN is observed closely by investors, policymakers, and economists as a critical indicator of inflation in India.