Base year revision for CPI-industrial workers suspicious: AITUC

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The All India Trade Union Congress (AITUC) on Saturday said the labour ministry's move to revise base year for consumer price index for industrial workers (CPI-IW) is "suspicious".

The AITUC further said that it is of the view that the move will lead to "depression" in dearness allowance (DA) paid to workers.

The labour ministry has recently revised the base year for CPI-IW to 2016 from 2001.

The retail inflation measured in terms of CPI-IW is the single most important price statistics with financial implications.

The CPI-IW is primarily used to regulate the dearness allowance of government employees and the workers in the industrial sectors.

It is also used in the fixation and revision of minimum wages in scheduled employments besides measuring the inflation in retail price.

The Labour Bureau of the Ministry of Labour sent out emails announcing revision of base year for calculating CPI-IW from 2001 to 2016, on October 22, 2020, it claimed.

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