On February 20, 2025, the Government of Karnataka, through the Directorate of Economics and Statistics, announced the release of the Annual Average Consumer Price Index (CPI) for Industrial Workers for the year 2024. The release of this important economic data comes as part of the state’s ongoing efforts to monitor and adjust wage-related policies in line with changing living costs.
Key Details of the Release:
State Annual Average CPI:
The Karnataka State Annual Average CPI for Industrial Workers, for the year 2024, has been calculated as follows:
Base year (1987-88 = 100): 1172
Converted to 1960 Base year (Linking factor 8.5): 9965
Methodology:
The CPI for Industrial Workers is based on the state’s monthly weighted average index across 16 different centers. These centers include both central and state series centers in Karnataka.
Central Series:
Bangalore
Belagavi
Hubli-Dharwad
Madikeri
Mysore
Davanagere
Chikkamagaluru
State Series:
Bellary
Bhadravathi
Dandeli
Kalaburagi
Hassan
Mandya
Mangalore
Raichur
Tumkur
Purpose and Use:
The release of the Annual Average CPI plays a crucial role in adjusting the wages of industrial workers and understanding the cost of living across the state. The data will be used to revise dearness allowances (VDA) and other wage-related adjustments for workers in the industrial sector.
