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Wednesday, July 31, 2013

AICPIN for June, 2013 confirmed 90% DA from July 2013 and also indicates 7% minimum increase in Jan-2014

All-India CPI-IW for June, 2013 rose by 3 points and pegged at 231 (two hundred and thirty eight) and expected Dearness Allowance due from July, 2013 is unchanged in respect of previous month expectation of 90% means 10% increase in present DA [click here to see].  See following table:-

Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced
1 Nov-12 218 2490 207.50 79.25% 80%
1 Dec-12 219 2512 209.33 80.83%
2 Jan-13 221 2535 211.25 82.49% 82%
2 Feb-13 223 2559 213.25 84.22% 84%
1 Mar-13 224 2582 215.17 85.87% 85%
2 Apr-13 226 2603 216.92 87.38% 87%
2 May-13 228 2625 218.75 88.97% 88%
3 Jun-13 228 2645 220.42 90.41% 90%
Jul-13 Expected DA from July-2013 90%



Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.

This 3 point increase in June, 13 AICPIN has also confirmed minimum 7% increase in Dearness Allowance in Jan-2014.  Next two months' AICPIN will give exact figure of expected DA.   This time calculation says that if no any increase occurred in next 6 months in AICPIN the 7% increase in expected DA of Jan-2014 is confirm.  See second table below:-  

Increase/ Decrease Index Month Base Year 2001 = 100 Total of 12 Months Twelve monthly Average % increase over 115.76 for   DA DA announced or will be announced






2 May-13 228 2625 218.75 88.97% 88%
3 Jun-13 231 2648 220.67 90.62% 90%
0 Jul-13 231 2667 222.25 91.99% 91%
0 Aug-13 231 2684 223.67 93.22% 93%
0 Sep-13 231 2700 225.00 94.37% 94%
0 Oct-13 231 2714 226.17 95.38% 95%
0 Nov-13 231 2727 227.25 96.31% 96%
0 Dec-13 231 2739 228.25 97.18% 97%
Jan-14
Expected DA from Jan-2014
97%

Now the above table and growth trends in AICPIN and inflation also indicates 100% DA from Jan-2014 and 25% increase in allowance.  See what will happen if DA reached 100%.

DOWNLOAD: EXCEL FILE FOR EXPECTED DEARNESS CALCULATION TO CALCULATE YOURSELF [click on File-Menu & download]

PIB Release of CPI-IW:

Ministry of Labour & Employment 
31-July, 2013 18:10 IST
Consumer Price Index Numbers for Industrial Workers (CPI-IW) June 2013

According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for June, 2013 rose by 3 points and pegged at 231 (two hundred and thirty one). On 1-month percentage change, it increased by 1.32 per cent between May and June compared with 0.97 per cent between the same two months a year ago.

The largest upward pressure to the change in current index came from Food group contributing 2.98 percentage points to the total change. At item level, Rice, Fish Fresh, Eggs (Hen), Poultry (Chicken), Milk, Onion, Ginger, Chillies Green, Potato, Tomato & other Vegetables, Tea Leaf, Tea (Readymade), Bidi, Cigarette, Electricity Charges, Doctor’s fee, Medicine (Allopathic), Petrol, etc. are responsible for the rise in index. However, this was compensated by Wheat, Groundnut Oil and Mustard Oil putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 11.06 per cent for June, 2013 as compared to 10.68 per cent for the previous month and 10.05 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.86 per cent against 13.24 per cent of the previous month and 10.45 per cent during the corresponding month of the previous year.

At centre level, Pune, Bhilai and Guntur recorded the highest increase of 8 points each followed by Jalpaiguri, Asansol, Mumbai, Bokaro, Siliguri and Kanpur (7 points each) and Warrangal and Vijaywada (6 points each). Among others, 5 points rise was registered in 9 centres, 4 points in 8 centres, 3 points in 12 centres, 2 points in 15 centres, and 1 point in 14 centres. On the contrary, a decline of 1 point each was recorded in Amritsar and Coimbatore centres. Rest of the 7 centres’ indices remained stationary.

The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index.

The next index of CPI-IW for the month of July, 2013 will be released on Friday, 30 August, 2013. The same will also be available on the office website www.labourbureau.gov.in.

*****

PIB
(Release ID :97510)

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