Page 539 - ES 2020-21_Volume-1-2 [28-01-21]

166 Economic Survey 2020-21 Volume 2

Figure 5: Rural and Urban CPI food inflation

Source: NSO
Figure 6: Component-wise rural and urban inflation in 2020-21 (Apr-Dec)

Source: NSO
5.5 CPI-IW is a price index released by the Labour Bureau to measure the impact of price
rise on the cost of living for working class families spread across certain select industries. The
base year of CPI-IW has been revised from its earlier 2001 to a more recent base year of 2016
(Box 1).
Box 1: Base Revision of Consumer Price Index for
Industrial Workers (CPI-IW)

The CPI-IW is compiled and disseminated by the Labour Bureau on a monthly basis. It
measures changes in the retail prices of a fixed basket of goods and services being consumed
by an average working-class family. Apart from serving as a guide for policy formulations,