23 Mar, 2021 9:25a.m.

Compendium on CPI-IW

compendium-on-cpi-iw

Union Minister of State (I/C) for Labour & Employment Shri Santosh Kumar Gangwar today released the Compendium on Consumer Price Index for Industrial Workers (Volume I-IV, 1945 to 2020). Speaking on the occasion, Shri Gangwar said, digitization of historical data on CPI-IW for more than seven decades in the shape of compendium will bridge the data gap on the subject & it will be an inspiration to other agencies compiling price indices or other statistics to follow the suit. He said, the Compendium is a first of its kind publication and is being released at a time when the Labour Bureau, a pioneer public institute in this country on index compilation and labour statistics, is celebrating the centenary year of its formation. It contains detailed and comprehensive information and explanations on compiling consumer price index (CPI). Labour Bureau began compiling the index since 1945. Collating index at one place right from its inception till date in the form of a compendium was keenly felt keeping in view the interests of a variety of institutional and individual stakeholders.

There had been a number of Consumer Price Index series available in the country from time to time for specific purposes and almost every series had undergone a periodic revision. In old times, the series published had limited reach to related agencies and were also available only at aggregated level. With a view to fulfilling the demand of the users, Labour Bureau started publishing Annual Report on Consumer Price Index for Industrial Workers from 1995, providing subgroup index for every centre. Taking this further, bringing all information on CPI for Industrial Workers on base 1944, 1949, 1960, 1982 and 2001 together at one place in the form of compendium will be of great importance for the researchers and policy makers.

Understanding the CPI-IW or Consumer Price Index for Industrial Worker

Read full @ https://pib.gov.in/PressReleasePage.aspx?PRID=1705810






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