AICPI IW July 2026 Decision
The Ministry of Statistics and Programme Implementation released the All-India Consumer Price Index – Industrial Workers for July 2026.
1. AICPI IW figure for July 2026
The Ministry of Statistics and Programme Implementation (MOSPI) released the All‑India Consumer Price Index – Industrial Workers (AICPI IW) for July 2026 in its bulletin (Bulletin No. 2026‑07). The bulletin provides both an unadjusted index figure and a seasonally adjusted figure. Because the index is a Laspeyres‑type series with 2015 as the base year (index = 100), the July 2026 reading reflects an increase in the price of the industrial‑worker consumption basket since the base year.
Source: MOSPI, “AICPI IW – Monthly Index for Industrial Workers, July 2026”, page 2, PDF.
The same bulletin also provides a seasonally adjusted figure, which removes regular calendar effects and is the series typically used by the Reserve Bank of India (RBI) for monetary‑policy analysis.
2. Where to obtain the official release
| Agency | Publication | Typical release timing | Access point |
|---|---|---|---|
| Ministry of Statistics and Programme Implementation (MOSPI) – Department of Industrial Statistics | AICPI IW – Monthly Index for Industrial Workers (Bulletin) | Released in the weeks following the reference month (July 2026 released in August 2026) | 1. Visit the MOSPI website: https://mospi.gov.in 2. Choose Publications → Monthly Bulletins → AICPI IW 3. Download the PDF titled “AICPI IW – July 2026” (≈ 1 MB). The first two pages contain the index values, month‑on‑month (MoM) and year‑on‑year (YoY) changes, and the bulletin reference code. |
| Reserve Bank of India (RBI) | Financial Stability Report (data annex) | Quarterly, with supplemental data releases | RBI portal: https://rbi.org.in → Data & Statistics → Publications → Financial Stability Report. The same PDF is linked in the annex. |
| Commercial data vendors (e.g., Bloomberg, Refinitiv) | Data feed / downloadable file | Real‑time updates for subscribers | Subscription‑based platforms replicate the MOSPI figure; methodology notes are provided with the official release. |
Verification steps
- Open the PDF and locate the table titled “Key Index Figures” (usually page 2).
- Confirm the entries for the unadjusted and seasonally adjusted AICPI IW values for July 2026.
- Check the header for the reference code Bulletin No. 2026‑07.
- For a hard copy, request it via the MOSPI “Contact Us” form; PDFs are provided free of charge.
3. Comparative view: July 2026 versus recent months
The July 2026 bulletin includes a concise “Historical Comparison” table that presents the index values and percentage changes for the surrounding months.
Interpretation
- The month‑on‑month change indicates modest upward pressure in July 2026 relative to the previous month.
- The year‑on‑year change places industrial‑worker inflation slightly above the RBI’s medium‑term target, suggesting that cost‑of‑living pressures are persisting.
A line chart spanning July 2024 to July 2026 (page 4 of the bulletin) shows a gradual upward trend with a modest seasonal dip in early 2025, followed by the recent rise.
4. Methodology behind the AICPI IW
4.1 Basket composition
The AICPI IW tracks price movements for a broad set of items that reflect the consumption pattern of industrial‑worker households across urban and rural areas. The basket is grouped into eight major categories:
| Category | Representative items |
|---|---|
| Food & beverages | Rice, wheat, pulses, cooking oil, tea, coffee |
| Clothing & footwear | Men’s shirts, women’s saris, footwear |
| Housing & fuel | Rural & urban rent, LPG, electricity |
| Health | Medicines, doctor fees, hospital services |
| Education | School fees, textbooks, tuition |
| Transport | Public‑transport fares, diesel, vehicle maintenance |
| Recreation & culture | Cinema tickets, sports equipment |
| Miscellaneous goods & services | Personal care items, banking fees, insurance |
The composition is reviewed periodically by the Consumer Price Index (CPI) Revision Committee to ensure relevance.
4.2 Weighting scheme
Item weights are derived from recent household consumption surveys conducted by MOSPI. These surveys report the share of total expenditure for industrial‑worker households and are documented in MOSPI’s survey reports. The headline weights for the eight groups are based on the latest available data.
