ANNUAL REPORT 2006

Summary

Consumer Price Index Numbers for Industrial Workers on current Base: 2001=100, which measure a change over time in prices of a fixed basket of goods and services consumed by Industrial Workers, are compiled and maintained by the Labour Bureau since its release on 9^th March, 2006 with effect from January, 2006 index. These index numbers are compiled for Industrial Workers residing in 78 industrially important centres of the country. These centres were selected on the basis of their industrial employment. The indices for all the 78 centres are compiled in several stages i.e., Sub-group, Group and General level and are released on last working day of every succeeding month. The weights utilized in the compilation of current series of index numbers were derived from the Working Class Family Income and Expenditure Surveys conducted during 1999-2000. A monthly all-India index, which is a weighted average of 78 centre indices, was also worked out and released every month from January, 2006 and onwards. The Report, besides presenting the serial data on index numbers in respect of 78 centres and all-India, also presents other related information viz., Linking Factors, Centre-wise Group/Sub-Group weights and all-India items-wise weights for previous as well as the current series.

The analysis of the movement of all-India Index numbers revealed that the index remained stationary from January, 2006 to March, 2006 at the level of 119 points, thereafter it increased by 1 point in April and May, 2006 and attained the level of 121 points in May, 2006. It further increased by 2 points and reached the level of 123 points in June, 2006. It again increased by 1 point during July, 2006 and remained static at 124 points in Aug, 2006. The index again showed an increasing trend from September, 2006 and attained the peak level of 127 points in October, 2006. It, however remained stationary during the months of November and December, 2006 at 127 points.

The CPI(IW) showed an increasing or static trend during the year 2006 as is evident from the Graph on page No.107.