New series of CPI for industrial workers released with 2016 as base year
Labour Minister Santosh Gangwar today released the new series of Consumer Price Index for industrial workers (CPI-IW) with 2016 Base Year in New Delhi.
Mr Gangwar said, the CPI-IW is used primarily for measuring Dearness Allowance payable to workers in the organized sector including Public Sector Undertakings, Banks and Insurance companies besides government employees.
He said, earlier the base year for the CPI-IW was 2001.
The Minister said, it is an important economic indicator.