The Centre of Indian Trade Unions (CITU) has written a letter to the Union Labour and Employment Minister urging his intervention for the release of the All India Consumer Price Index for Industrial Workers (AICPI-IW) figures for the months of February and March 2024.
The CPI-IW figures have not been released for the months of February and March, and the labour bureau has not given any explanation for not releasing the indices on the stipulated dates.
“Due to this inordinate delay, the employees from the central public sector including banks are losing their legitimate dearness allowance (DA) to be announced in the month of April, after taking the average of CPI-IW for the past three months, namely December, January, and February. It is essential to calculate the DA, so as to contain the continuous price erosion in the real wage rate due to the ever-increasing prices of essential commodities,” the letter reads.
The last CPI-IW figures were released on February 29 this year for January. The labour bureau, an attached office of the central labour ministry, compiles and maintains the data and releases it on the last working day of the month.
First Published: May 22 2024 | 6:11 PM IST
